BMJ Corp. needs $1,000,000 to start business, and it has received financing from multiple sources to run their business. Equity Shares Financing - $200,000 - 8% Debenture Financing - $400,000 - 6% Term Loan - $250,000 - 6% Preference Shares Financing - $150,000 - 8% What is their weighted average cost of capital? (Choose the answer closest to your calculations) Question 1

options: 7% 7.5% 6.7% 6.2%