1. WACC. Eric has another get-rich-quick idea but needs funding to support it. He chooses an all-debt funding scenario. Eric will borrow $2,000 from Wendy, who will charge him 6% on the loan. He will also borrow $1,500 from Bebe, who will charge 8% on the loan, and $800 from Shelly, who will charge 14% on the loan. What is the weighted average cost of capital for Eric? Format: \#.\#\#\% A