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Question Help P11-1 (similar to) WACC Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will

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Question Help P11-1 (similar to) WACC Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $1,213 from Wendy, who will charge him 8% on the loan. He will also borrow $982 from Bebe, who will charge him 10% on the loan, and $805 from Shelly, who will charge him 16% on the loan. What is the weighted average cost of capital for Eric

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