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David Abney buys a piece of equipment for $60,000. He puts down $10,000 and finances $50,000. David's opportunity cost is 3 percent, and the lender's
David Abney buys a piece of equipment for $60,000. He puts down $10,000 and finances $50,000. David's opportunity cost is 3 percent, and the lender's interest rate is 6 percent. Find the weighted average cost of capital. .005 .05 .03 .055
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