Question 9 5 pts Sapp Trucking's balance sheet shows a total of non-callable $45 million...
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Question 9 5 pts Sapp Trucking's balance sheet shows a total of non-callable $45 million long-term debt with a coupon rate of 7% and a yield to maturity of 6%. This debt currently has a market value of $50 million. The balance sheet also shows that the company has 10 million shares of common stock and the book value of the common equity (common stock plus retained earnings)is $65 million. e current market value of equity (stock price) is $20 per share. Additionally, stockholders required return is 13.8%, and the firm's tax rate is 40%, what is the company's WACC based on market value weighting? Your answer should be between 9.72 and 12.50, rounded to 2 decimal places. with no special characters
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