WACC. Grey's Pharmaceuticals has a new project that will require funding of $4.0 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 Lender Steven in order to copy its content into a spreadsheet. Amount Interest Rate $1,500,000 11% $1,200,000 9% $1,000,000 7% $300,000 8% Yang Shepherd Bailey What is the weighted average cost of capital for the $4,000,000? What is the weighted average cost of capital for the $4,000,000? 1% (Round to two decimal places.)