Question: Acme supply Co. has a new project that will require a company to borrow 2 million acme has an agreement with three lenders for the

Acme supply Co. has a new project that will require a company to borrow 2 million acme has an agreement with three lenders for the needed financing first national bank will give 1 million and wants 7% interest on the long lock up bank will get 400,000 and wants 10% on the entrance load southern national bank will give 600,000 and wants 12% on the loan what is the weighted average cost of capital for the $2 million loan

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