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Business, 06.06.2020 21:03 issagirl05

To finance a new project costing $30 million, a company borrowed $21 million at 16% per year interest and used retained earnings valued at 12% per year for the remainder of the investment. The company’s weighted average cost of capital for the project was closest to:

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To finance a new project costing $30 million, a company borrowed $21 million at 16% per year interes...
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