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WACC. Grey's Pharmaceuticals has a new project that will require funding of $7.7 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 $7.7 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 Lender Steven in order to copy its content into a spreadsheet. Amount Interest Rate $2,879,584 14% $2,287,534 11% $1,586,212 9% $946,670 10% Yang Shepherd Bailey What is the weighted average cost of capital for the $7,700,000? What is the weighted average cost of capital for the $7,700,000? % (Round to two decimal places.)

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