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Assume Skyler Industries has debt of $4,206,122 with a cost of capital of 5.1% and equity of $5,821,282 with a cost of capital of 7.8%.

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Assume Skyler Industries has debt of $4,206,122 with a cost of capital of 5.1% and equity of $5,821,282 with a cost of capital of 7.8%. What is Skyler's weighted average cost of capital for equity? Round to the nearest hundredth, two decimal places and submit the answer in a percentage

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