Question: WACC Eric has another get rich quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $3.125 from

WACC Eric has another get rich quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $3.125 from Wendy, who will charge him 6% on the loan. He will also borrow $2,559 from Bebe who will charge him 8% on the loan, and $1,316 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 Enc? % (Round to two decimal places)

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Keeps up-to-date with market trends and drivers, recognizing changing commercial pressures. Customer and commercial focus

Understands the financial drivers of the business and communicates them effectively.