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DQuestion 2 1 pts Hong Kong has imported over 95% of its fresh vegetables each day. In an effort to develop sustainable and renewable vegetable

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DQuestion 2 1 pts Hong Kong has imported over 95% of its fresh vegetables each day. In an effort to develop sustainable and renewable vegetable sources, a new commercial vertical crop technology is being installed through a public-private partnership. The total system cost is $20 million with financing sources and costs as follows. Calculate the WACC for the Hongkong project. (HINT: Enter numeric answer only, omit $, %, etc., symbols.) Capital Source Commercial loan for debt financing Retained earnings from partner corporations Sale of stock (common and preferred) Capital Cost and Rate of Return $10 million at 6.9% per year $4 million at 5.2% per year $6 million at 5.9% per year

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