Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 12

To finance a new project costing $30 million, a company borrowed $21 million at 16% per year interest and used retained earnings valued at 12% per year for the remainder of the investment. The company's weighted average cost of capital for the project was closest to:
a) 12.5%
b) 13.6%
c) 14.8%
d) 15.6%