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WACC Grey's Pharmaceuticals has a new project that will require funding of $3.7 million. The company has decided to pursue an all-debt scenario. Grey's has

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WACC Grey's Pharmaceuticals has a new project that will require funding of $3.7 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 $1,399,660 13% Yang $1,126,634 12% Shepherd $767.835 9% Bailey $405,871 10% What is the weighted average cost of capital for the $3,700,000? What is the weighted average cost of capital for the $3,700,000? 0% (Round to two decimal places)

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