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Eric has an idea for a business venture. He plans to borrow $2,000 from Mike who is asking for 6% interest on the loan, he
Eric has an idea for a business venture. He plans to borrow $2,000 from Mike who is asking for 6% interest on the loan, he will ask Kyle to lend him $1,500 at 8% interest, and he will borrow $800 from Debbie at 14% interest. What will be Erics weighted average cost of capital?
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