Business, 26.11.2019 05:31, saraaaaaaaa20

Eric has another get-rich-quick idea, but needs funding to support it. he chooses an all-debt funding scenario. he will borrow $2 comma 000 from wendy, who will charge him 6% on the loan. he will also borrow $1 comma 500 from bebe, who will charge him 8% on the loan, and $800 from shelly, who will charge him 14% on the loan. what is the weighted average cost of capital for eric?

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Eric has another get-rich-quick idea, but needs funding to support it. he chooses an all-debt fundin...