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P11-1 (similar to) Question Help WACC Eric has another got-rich-quick idea, but needs funding to support it. Ho chooses an al-debt funding scenario. He will borrow $4,385 from Wendy, who will charge him 8% on the loan. He will also borrow $3,260 from Babe, who will charge him 10% on the loan and $2.355 from Shelly, who will charge him 10% on the loan What is the weighted average cost of capital for Eric? What is the weighted average cost of capital for Eric? % (Round to two decimal places.)