= Homework: Chapter 11 Homework Question 1, P11-1 (simil... > HW Score: 0%, 0 of 9 points O Points: 0 of 1 Save WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $5,011 from Wendy, who will charge him 5% on the loan. He will also borrow $4,574 from Bebe, who will charge him 7% on the loan, and $2,415 from Shelly, who will charge him 13% on the loan. What is the weighted average cost of capital for Eric? What is the weighted average cost of capital for Eric? % (Round to two decimal places.)