WACC.

Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $5,952 from Wendy, who will charge him 8% on the loan. He will also borrow $3,991 from Bebe, who will charge him 10% on the loan, and $3,057 from Shelly, who will charge him 16% on the loan. What is the weighted average cost of capital for Eric?