Your company wants to buy a new piece of machinery for $2.3 million. You will pay for 15% of the bill for the machine by selling company-owned stock for cash, and the rest by borrowing from the bank. The i for the stock is 3%/year, and the ion the bank loan is 8%/year. What is the WACC? $460,000 7.25% $1,840,000 7.0%