5) acme supply co. has a new project that will require the company to borrow $3,000,000. acme has made an agreement with three lenders for the needed financing. first national bank will give $1,500,000 and wants 10% interest on the loan. lockup bank will give $1,000,000 and wants 12% interest on the loan. southern national 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?

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.