WACC. Grey's Pharmaceuticals has a new project that will require funding of $4.4 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. Amount Interest Rate Lender 11% 9% Steven Yang Shepherd Bailey $1,621,020 $1,319,442 $1,141,947 $317,591 6% 7% What is the weighted average cost of capital for the $4,400,000? What is the weighted average cost of capital for the $4,400,000? % (Round to two decimal places.)