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For questions 14 16 use the following: H2X Incorporated has accounts payable of $400,000 (a typical amount for the company, non-interest bearing), a bank loan

For questions 14 16 use the following: H2X Incorporated has accounts payable of $400,000 (a typical amount for the company, non-interest bearing), a bank loan of $700,000 at 9% interest rate, a bank loan of $1,000,000 at 6.5% interest rate, and equity of $2,800,000. Its income tax rate is 32%. Management estimates the companys cost of equity is 14%. What is the companys weighted average cost of capital on non-interest-bearing debt, interest bearing debt, and equity (or total invest capital)

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