Q1. Grey's Pharmaceuticals has a new project that will require funding of $1.9 million. The company has decided to pursue anall-debt scenario. Grey's has made agreements with four lenders for the needed financing. These lenders will advance the following amounts at the interest ratesshown:

Lender: Steven | Amount: $702,351 | Interest Rate: 13%

Lender: Yang | Amount: $587,507 | Interest Rate: 11%

Lender: Shepherd | Amount: $436,681 | Interest Rate: 8%

Lender: Bailey | Amount: $173,461 | Interest Rate: 9%

What is the weighted average cost of capital for the $1,900,000?