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WACC Erla has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $5,026 from Wendy, who

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WACC Erla has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $5,026 from Wendy, who will charge him 8% on the loan. He will also borrow $3,424 from Bebe, who will charge him 10% on the loan, and $2,550 from Shelly, who will charge him 16% on the loan What is the weighted average cost of capital for Enc? > What is the weighted average cost of capital for Eric? 0% (Round to two decimal places.)

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