11. John Dough has just been awarded his degree in Weighted average cost of capital Personal Finance Problem business. He has three education loans outstanding. They all mature in 5 years and can be repaid without penalty any time before maturity. The amounts owed on each loan and the annual interest rate associated with each loan are given in the following table: '. John can also combine the total of his three debts (that is, $64,000) and create a consolidated loan from his bank. His bank will charge an annual interest rate of 6.5% for a period of 5 years. Should John do nothing (leave the three individual loans as is) or create a consolidated loan (the $64,000 question)? %. Round to two decimal The weighted average annual interest rate on John's current loan portfolio is places.) . (Select from the drop-down menu.) John should (1) 1: Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Annual interest rate 56% 86% 48% Loan Balance due $29,000 $7,000 $28,000 2 (1) O consolidate the three loans into one O do nothing and leave the three individual loans as is