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 $2.422 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 $2.422 from Wendy, who will change him 3% on the loan. He will also borrow $1,856 from Bebe, who will charge him 5% on the loan and $722 from Shelly, who will charge him 11% on the loan. What is the weighted average cost of capital for Ene? What is the weighted average cost of capital for Ere? % (Round to two decimal places)

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