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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:
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16.5%
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9.5%
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7%
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8.3%
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