Sandhill Dynamics finances its operations with $33,600,000 in debt and $50,400,000 in stockholders equity. The debt carries
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Sandhill Dynamics finances its operations with $33,600,000 in debt and $50,400,000 in stockholders’ equity. The debt carries a 7.05% interest rate, and stockholders require a 14% return.
What is Sandhill’s weighted-average cost of capital? (Round computations and answer to 2 decimal places, e.g. 5.12%.)
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