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Calculate the weighted average cost of capital from following data: Source market cost of specific source of capital Debt 18,000 3.70 Preference 9,000 7.0 Equity

Calculate the weighted average cost of capital from following data:

Source market cost of specific source of capital

Debt 18,000 3.70

Preference 9,000 7.0

Equity 40,000 9.5

Retained earnings 5,000 8.31

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