Wacc eric has another get-rich-quick idea but needs funding, Financial Management

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Wacc eric has another get-rich-quick idea but needs funding

WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all debt funding scenario. He will borrow $2,000 from Wendy, who will charge him 6% on the loan. He will also borrow $1, 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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Financial Management: Wacc eric has another get-rich-quick idea but needs funding

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Financial Management: Wacc eric has another get-rich-quick idea but needs funding

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