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Shear Realty has the following mix of financing available: Cost of Amount of Capital Capital Debt 5% $70,500 Preferred stock 7% $84,500 Common stock 9%

Shear Realty has the following mix of financing available: Cost of Amount of Capital Capital Debt 5% $70,500 Preferred stock 7% $84,500 Common stock 9% $105,450 Retained earnings 11% $90,000 What is Shear's current weighted average cost of capital? Multiple Choice 9.0% 8.2% 7.9% 6.0%image text in transcribed

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