Chat with AI
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 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%
a) 12.5%
b) 13.6%
c) 14.8%
d) 15.6%
Explanation
Verified
Verified
Given information:
• Total cost of proj...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
