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What is the company's WACC? *Please show steps* Here is some information about Stokenchurch Inc.: Beta of common stock 1.3 Treasury bill rate 4% Market

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What is the company's WACC?

*Please show steps*

Here is some information about Stokenchurch Inc.: Beta of common stock 1.3 Treasury bill rate 4% Market risk premium 6.6% Yield to maturity on long-term debt 6% Book value of equity $350 million Market value of equity $700 million Long-term debt outstanding $700 million Corporate tax rate 35%

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