ANZ Corp. needs $1,500,000 to start business, and it has received financing from multiple sources to run their business. Equity Shares Financing - $600,000 - 7% Debenture Financing - $500,000 - 5.5% Term Loan - $200,000 - 6% Preference Shares Financing - $200,000 - 5% What is their weighted average cost of capital? (Choose the answer closest to your calculations)