Based on the given information, how much is the weighted average cost of capital (WACC)?
Sales 5,000,000
Less. Cost of Sales 2,700,000
Gross Profit 2,300,000
Less. Operating expenses 1,100,000
Earnings before interest and taxes 1,200,000
Less. Interest expense 500,000
Earnings before tax 700,000
Less. Tax (30%) 210,000
Net earnings 490,000
Required rate of return - ordinary shareholders 15%
Market value of ordinary shares 5,000,000
Market value of long-term debt 6,250,000