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Assume Skyler Industries has debt of $4,284,000 with a cost of capital of 7.1% and equity of $5,916,000 with a cost of capital of 10.1%.

Assume Skyler Industries has debt of $4,284,000 with a cost of capital of 7.1% and equity of $5,916,000 with a cost of capital of 10.1%. What is Skylers weighted average cost of capital? Round your intermediate calculations and final answer to 3 decimal places.

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