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28 Acrre Supply Co. has a new project that with require the company to borrow $1,000,000. Acme has made an agreement with three lenders for

28
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Acrre Supply Co. has a new project that with require the company to borrow $1,000,000. Acme has made an agreement with three lenders for the needed francing. First Nlabonal Bark wa pre 5500,000 and wants 8.00 inlerest on the loan. Lockup Bank will give $300,000 and wants 12.0% interest on the loan. Southern National Bark will give 1200,000 and warts 13.0%. interest on the loan. What is the weighted average cost of capital for this $1,000,000 loan? 15.9: 1824 19.95 10.2% 1234

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