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weighted average cost help! 1 answer below » Jensen Motorsports has a new project that will require the company to borrow $3,000,000. Jensen’s has made an agreement with three lenders for the needed
financing. Citizens’ Bank will give $1,500,000 and wants 10% interest on the loan. Visitors Bank will give $1,000,000 and wants 12% interest on the loan.
Peoples Bank will give $500,000 and wants 13% interest on the loan. What is the weighted average cost of capital for this $3,000,000? Show work please! Please do not post other Transtutors answers or urls. Also do not spam my questions, I am tired of losing points due to spam!! View complete question » Jensen Motorsports has a new project that will require the company to borrow $3,000,000. Jensen’s has made an agreement with three lenders for the needed
financing. Citizens’ Bank will give $1,500,000 and wants 10% interest on the loan. Visitors Bank will give $1,000,000 and wants 12% interest on the loan.
Peoples Bank will give $500,000 and wants 13% interest on the loan. What is the weighted average cost of capital for this $3,000,000? Show work please! Please do not post other Transtutors answers or urls. Also do not spam my questions, I am tired of losing points due to spam!!! I will give 5 stars to whoever can
answer this and show work to back it up. Thanks!! View less » Jan 17 2014 04:06 PM
