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IJN Corp. needs $1,500,000 to start business, and it has received financing from multiple sources to run their business. Equity Shares Financing - $1,000,000 -

IJN Corp. needs $1,500,000 to start business, and it has received financing from multiple sources to run their business.

Equity Shares Financing - $1,000,000 - 7%

Debenture Financing - $750,000 - 6%

Term Loan - $1,000,000 - 5.5%

Preference Shares Financing - $300,000 - 6%

What is their weighted average cost of capital?

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