Computing the weighted average cost of capital

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Based on the information provided below, compute the Weighted Average Cost of Capital showing all steps take to arrive at the answer. (CO 7).
Acme International Capital Sources Required Return rates
Common Stock and Retained Earnings $ 400,000 8%
Preferred Stock $ 100,000 7%
Corporate Bonds $ 300,000 10%
Corporate tax rate 35%

Reference no: EM13753675

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