Question: Please assist with this question . What is the weighted average cost of capital for SKYE Corporation given the following information? Equity shares outstanding 1

Please assist with this question .

What is the weighted average cost of capital for SKYE Corporation given the following information? Equity shares outstanding 1 million Stock price per share $ 39 Yield to maturity on debt 7.68% Book value of interest-bearing debt $12 million Coupon interest rate on debt Interest rate on government bonds SKYE's equity beta 0.75 Historical excess return on stocks 7.4% Tax rate 40% Note: Enter your answer to 1 decimal place. Weighted average cost of capital

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