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Assume Skyler Industries has debt of $4,900,000 with a cost of capital of 7.8% and equity of $4,900,000 with a cost of capital of 10.4%.

Assume Skyler Industries has debt of $4,900,000 with a cost of capital of 7.8% and equity of $4,900,000 with a cost of capital of 10.4%. What is Skylers weighted average cost of capital? Round your intermediate calculations and final answer to 3 decimal places. fill in the blank 1%

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