Question: WACC. Eric has another get - rich - quick idea, but needs funding to support it . He chooses an all - debt funding scenario.

WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $2,995 from Wendy, who will charge him 6% on the
loan. He will also borrow $2,333 from Bebe, who will charge him 8% on the loan, and $1,672 from Shelly, who will charge him 14% 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.)
WACC. Eric has another get-rich-quick idea, but needs funding to support

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