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What is the weighted-average cost of capital for SKYE Corporation given the following information? Equity shares outstanding 1 million Stock price per share $ 29

What is the weighted-average cost of capital for SKYE Corporation given the following information? Equity shares outstanding 1 million Stock price per share $ 29 Yield to maturity on debt 7.68% Book value of interest-bearing debt $10 million Coupon interest rate on debt 9% Interest rate on government bonds 7% SKYEs equity beta 0.75 Historical excess return on stocks 6.4% Tax rate 30% Note: Enter your answer to 1 decimal place

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