WACC Enic has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $4,407 from Wendy, who will charge him 6% on the loan. Ho will also borrow $2,797 from Bebe, who will charge him 8% on the loan, and $1,796 from Shelly, who will charge him 14% on the loan What is the woighted average cost of capital for Eric? What is the weighted average cost of capital for Eric? \% (Round to two decintal places.)