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 $3,889 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 $3,889 from Wendy, who will charge him 5% on the loan He will also borrow $3,277 from Bobo, who will charge him 7% on the loan and S1,834 from Shelly, who will charge him 13% on the loan What is the weighted average cost of capital for Eric? What in the weighted average cost of capitat for Eric? U (Rouvid to two decimal placen )

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