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AnnZ [28]
3 years ago
9

Acme Supply Co. has a new project that will require the company to borrow $3,000,000. Acme has made an agreement with three lend

ers for the needed financing. First National Bank will give $1,500,000 and wants 10% interest on the loan. Lockup Bank will give $1,000,000 and wants 12% interest on the loan. Southern National Bank will give $500,000 and wants 13% interest on the loan. What is the weighted average cost of capital for this $3,000,000?​
Business
1 answer:
aleksley [76]3 years ago
4 0

Answer:

WACC = 10(1,500,000/3,000,000) + 12(1,000,000/3,000,000) + 13(500,000/3,000,000)

WACC = 5 + 4 + 2.17

WACC = 11.17%

Explanation:

WACC is a function of interest charged by each bank and the proportion of funds provided by each bank in relation to the total amount required by the investor.

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2 years ago
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balu736 [363]

The correct answer to this open question is the following.

Here we do not have a question. Just a statement.

What is your question? What do you want to know?

However, trying to help you we can comment on the following.

If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.  

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3 years ago
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Ahat [919]

Answer:

$224,000

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