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 $1,905 from Wendy, who

WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow \$1,905 from Wendy, who will charge him 6% on the loan. He wil also borrow $1,356 from Bebe, who will charge him B\% on the loan, and $739 from Shelly, who will charge him 14% on the loan. What is the weightiad average cost of capitai tor Eric? What is the weighted averoge cost of capitat for Eric? (Round to two decirral places.)

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