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 $4,776 from Wendy, who

WACC. Eric has another get-rich-quick idea, but needs funding to support

WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $4,776 from Wendy, who will charge him 5% on the loan. He will al What is the weighted average cost of capital for Eric? so borrow $3,046 from Bebe, who will charge him 7 % on the loan,and $2,178 from Shelly, who ill har ehi 13%onthe loan. What is the weighted average cost of capital for Eric? (96 (Round to two decimal places.) Enter your answer in the answer box. 10

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