Problem 13-5 Calculating WACC (LO1) The total book value of WTC's equity is $8 million, and book value per share is $20. The stock has a market-to-book ratio of 1.5, and the cost of equity is 13%. The firm's bonds have a face value of $5 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 10%, and the firm's tax rate is 21%. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. WACC 12.89 % Problem 13-2 WACC (LO1) Here is some information about Stokenchurch Inc points Beta of common stock 12 Treasury bill rate 4% Market risk premium = 6.5% Yield to maturity on long-term debt-7% Book value of equity - $340 million Market value of equity - $680 million Long-term debt outstanding = $680 million Corporate tax rate - 21% What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. WACC 440