Spring 2021 Finance 3101 Section 008 Homework: P11 (Cost of Capital) Score: 0 of 1 pt 5 of 6 (4 complete) 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 $6,510 from Wendy, who charge him 8% on the loan, and $3,361 from Shelly, who will charge him 14% 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.) Save 5 of 6 (4 complete) HW Score: 66.67%, 4 of 6 Question Help chooses an all-debt funding scenario. He will borrow $6,510 from Wendy, who will charge him 6% on the loan. He will also borrow $5,129 from Bobo, who will the loan. What is the weighted average cost of capital for Eric