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Problem 13-2 WACC (LO1) Here is some information about Stokenchurch Inc Beta of common stock = 1.5 Treasury bill rate-496 Market risk premium-7.8% Yield to

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Problem 13-2 WACC (LO1) Here is some information about Stokenchurch Inc Beta of common stock = 1.5 Treasury bill rate-496 Market risk premium-7.8% Yield to maturity on long-term debt-7% Book value of equity $470 million Market value of equity $940 million Long-term debt outstanding $940 million Corporate tax rate 35% What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC

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