$$Grey$\text{'}$s Pharmaceuticals has a new project that will require funding of $$$$7\mathrm{.}9$ million. The company has decided to pursue an$$ all$-$debt scenario. $$ Grey's has made agreements with four lenders for the needed financing. These lenders will advance the following amounts at the interest rates$$ shown:

Click on the Icon $$in order to copy its content into a spreadsheet.

$$Lender

Amount

Interest Rate

$$Steven

$$$$2,807,746$

$15\%$

$$Yang

$$$$2,401,465$

$14\%$

$$Shepherd

$$$$1,696,868$

$11\%$

$$Bailey

$$$$993,921$

$12\%$

What is the weighted average cost of capital for the $$$$7,900,000?$