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Assume Skyler Industries has debt of $4,600,000 with a cost of capital of 7.0% and equity of $5,400,000 with a cost of capital of 10.7%.

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Assume Skyler Industries has debt of $4,600,000 with a cost of capital of 7.0% and equity of $5,400,000 with a cost of capital of 10.7%. What is Skyler's weighted average cost of capital? Round your intermediate calculations and final answer to 3 decimal places. %

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