Use the following financial statements to calculate WACC: Revenue 11,500,000 Assets COGS (7,750,800) Cash 90,000 Gross Profit 3,749,200 PP&E (net) 2,880,000 Salaries (2,960,000) Inventory 1,289,000 Rent & Utilities (340,000) Accounts Receivable 1,010,000 Depreciation (218,000) Total Assets 5,269,000 Operating Profit (EBIT) 231,200 Liabilities Interest Expense (108,642) Payroll Payable 250,000 Pre-tax Income 122,558 Accounts Payable 190,000 Taxes (36,767) Credit Union Payable 900,000 Net Income 85,791 Bank Loan Payable 1,959,000 Total Liabilities 3,299,000 Equity Credit Union/Bank Loan Rate 3.8% Paid-in-capital 500,000 Required Equity Return Rate 7.0% Retained Earnings 1,470,000 Tax Rate 30.0% Total Equity 1,970,000 Payroll Payable and Accounts Payable are non-interest bearing (only include interest debt) The Credit Union Payable and Bank Loan Payable both have an interest rate of 5.0% 5.40% 05.11% 4.28% 4.84% 04.06% 4.43% OOO