Grey's Pharmaceuticals has a new project that will require funding of $$$$7\mathrm{.}4$ million. The company has decided to pursue an$$ 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

$$$$2,591,504$

$13\%$

$$Yang

$$$$2,101,989$

$11\%$

$$Shepherd

$$$$1,831,559$

$8\%$

$$Bailey

$$$$874,948$

$9\%$

What is the weighted average cost of capital for the $$$$7,400,000?$