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Here is some information about Stokenchurch Inc.: Beta of common stock = 1.4 Treasury bill rate = 4% Market risk premium = 6.7% Yield to maturity on long-term debt = 10% Book value of equity = $360 million Market value of equity = $720 million Long-term debt outstanding = $720 million Corporate tax rate = 35% What is the company’s WACC?
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