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solving by financial management formulas no excel no financial calculators 6.b.Hamad chooses an all-debt funding for his new project. He will borrow AED 3 million

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solving by financial management formulas no excel no financial calculators
6.b.Hamad chooses an all-debt funding for his new project. He will borrow AED 3 million from bank A, who will charge Hamad 8% on the loan. He will also borrow AED 4.5 million from bank B, who will charge 10% on the loan and AED 6.5 million from bank C, who will charge 12% on the loan. What is the weighted average cost of capital for Hamad? (2.5 marks)

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