What is the weighted average cost of capital of loopie, Financial Management

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What is the weighted average cost of capital of loopie

What is the weighted average cost of capital of Loopie Loafer Shoe Corp. if the firm has provided the following information:

Source of Capital - Capital Components - Cost

Long Term Debt $60,000 5.6%

Common Stock $75,000 13.0%

Preferred Stock $15,000 10.6%

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Financial Management: What is the weighted average cost of capital of loopie

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