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Calculate the weighted average cost of capital for LMN Corporation using the following data: Component Cost (%) Weight Debt 5 40% Equity 10 60% Requirements:

Calculate the weighted average cost of capital for LMN Corporation using the following data:
Component Cost (%) Weight
Debt 5 40%
Equity 10 60%
Requirements:
- Determine the weighted average cost of capital.
- Present the calculation in a detailed table format.
- Discuss the significance of WACC in investment decisions.

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