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MBJ needs $400,000 to start business, and it has received financing from multiple sources to run their business. Equity Financing - $100,000 - 12% Term

MBJ needs $400,000 to start business, and it has received financing from multiple sources to run their business.

Equity Financing - $100,000 - 12%

Term Loan - $300,000 - 7%

What is their weighted average cost of capital?

(Choose the answer closest to your calculations)

Question 3 options:

	16.5%
	9.5%
	7%
	8.3%

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