In: Finance
refer to the following information and provide the weighted average cost of capital (WACC). | |||
Category | Rate (%) | Amount ($) | Annual Cost |
Current Liabilities, Except Bank Debt | 0% | 650,000 | |
Notes Payable to Banks, Short-Term | 12% | 230,000 | |
Long-Term Debt | 8% | 245,000 | 18,000 |
Lease Contracts | 14% | 205,000 | |
Loans from Shareholders | 8% | 1,200,000 | |
Stockholders' Equity | 1,875,000 | 12,000 | |
Totals |