Assume Skyler Industries has debt of $4,153,821with a cost of capital of 7.4% and equity of $5,679,075 with a cost of capital of 6.7%. What is Skyler’s total weighted average cost of capital? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 7EA: Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of...
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Assume Skyler Industries has debt of $4,153,821with a cost of capital of 7.4% and equity of $5,679,075 with a cost of capital of 6.7%.

What is Skyler’s total weighted average cost of capital? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.

 
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