Question: WACc. Eric has another getrich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $5, 877 from Wendy,

WACc. Eric has another getrich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $5, 877 from Wendy, who will charge him 8% on the loan. He will also borrow $5,282 from Bebe, who will charge him 10% on the loan, and $2.841 from Shelly, who will charge him 16% on the loan. What is the weighted average cost of capital for Enic? What is the weighted average cost of capital for Eric? (Round to two decimal places)

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