ICS Manufacturing Company produces plastic parts for the automotive industry. Here is their Income Statement for 2015

Sales Revenue $35,500,000

Cost of Goods Sold 12,725,000

Selling, General & Admin Exp 11,200,000

Depreciation Expense 3,200,000

EBIT 8,375,000

Interest Expense 350,000

Taxable Income 8,025,000

Taxes 3,210,000

Net Income 4,815,000

QUESTION 9. ICS needs a total of $775,000, and if they lend the money today, ICS will repay it, with interest, at the end of the year. Company A agrees to lend $300,000 and they require 5% interest, Company B will lend $200,000 at 6% interest, and Company C will loan the balance but they wont settle for less than 10% interest. What is the weighted average cost of this capital (WACC)?