WACC. Grey's Pharmaceuticals has a new project that will require funding of $7.0 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 $2,607,235 11% Yang $1,997,311 9% Shepherd $1,521,824 6% $873,630 7% Bailey What is the weighted average cost of capital for the $7,000,000? .... What is the weighted average cost of capital for the $7,000,000? % (Round to two decimal places.)