WACC. Grey's Pharmaceuticals has a new project that will require funding of $5.3 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 Amount Interest Rate

Steven $1,873,266 13%

Yang $1,558,043 11%

Shepherd $1,370,692 9%

Bailey $ 497,999 10%

What is the weighted average cost of capital for the $5,300,000?