WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $1303 from Wendy, who will charge him 3 % on the loan. He will also borrow $961 from Bebe, who will charge him 5 % on the loan, and $736 from Shelly, who will charge him 11 % on the loan. What is the weighted average cost of capital for Eric?