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WACC. Grey's Pharmaceuticals has a new project that will require funding of $2.0 million. The company has decided to pursue an all-debt scenario. Grey's has
WACC. Grey's Pharmaceuticals has a new project that will require funding of $2.0 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 Yang Shepherd Bailey in order to copy its content into a spreadsheet. Amount Interest Rate $727,002 13% $599,072 11% $423,161 9% $250,765 10% What is the weighted average cost of capital for the $2,000,000? What is the weighted average cost of capital for the $2,000,000? % (Round to two decimal places.)
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