Please round to 2 decimal places.

WACC Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $4,665 from Wendy, who will charge him 7% on the loan. He will also borrow $3,348 from Bebe, who will charge him 9% on the loan, and $2,987 from Shelly, who will charge him 15% 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.) View an example Etext pages Get more help Clear all Check