Joe madden buys a piece of equipment for 200000 he puts


Joe Madden buys a piece of equipment for $200,000. He puts down $40,000 and finances $160,000. Joe's opportunity cost is 4 percent, and the lender's interest rate is 8 percent. Find the weighted average of cost of capital WACC?

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Financial Management: Joe madden buys a piece of equipment for 200000 he puts
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