What is the weighted average cost of capital for a corporation that finances an expansion project using

Question:

What is the weighted average for a that finances an expansion project using 30% retained earnings and 70% venture capital? Assume the interest rates are 8% for the equity financing and 13% for the debt financing.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...