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

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6 points Acme Supply Co. has a new project that will require the company to borrow $1,000,000. Acme has made an agreement with three lenders for the needed financing. First National Bank will give $500,000 and wants 8.0 interest on the loan. Lockup Bank will give $200,000 and wants 12.0% interest on the loan. Southern National Bank will give $300,000 and wants 14.0interest on the loan. What is the weight average cost of capital for this $1,000,000 loan? 10.6 6.8 8.5 5.4% 13.3

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