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Score: 2 of 6 pts 5 of 9 (9 complete) HW Score: 81.82%, 45 of 55 pt P16-10 (similar to) B Question Help Finding the

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Score: 2 of 6 pts 5 of 9 (9 complete) HW Score: 81.82%, 45 of 55 pt P16-10 (similar to) B Question Help Finding the WACC. Monica is the CFO of Cooking for Friends (CFF) and uses the pecking order hypothesis philosophy when she raises capital for company projects. Currently, she can borrow up to $400,000 from her bank at a rate of 7.25%, float a bond for $800,000 at a rate of 9.25%, or issue additional stock for $1,300,000 at a cost of 19%. Chandler has been hired by CFF to raise capital for the company. Chandler increases the funding available from the bank to $1,300,000, but with a new rate of 7.75%. What is the WACC for borrowing a. $900,000? b. $2,200,000? c. $3,200,000? a. What is the WACC for CFF if it chooses to invest $900,000 in new projects? % (Round to two decimal places.)

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