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Assume Skyler Industries has debt of $4,871,766 with a cost of capital of 5.6% and equity of $5,791,560 with a cost of capital of 6.1%.

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Assume Skyler Industries has debt of $4,871,766 with a cost of capital of 5.6% and equity of $5,791,560 with a cost of capital of 6.1%. What is Skyler's total weighted average cost of capital? Round to the nearest hundredth, two decimal places and submit the answer in a percentage

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