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WACC. Grey's Pharmaceuticals has a new project that will require funding of $9.9 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 $9.9 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 o Lender Steven Yang Shepherd Bailey in order to copy its content into a spreadsheet. Amount Interest Rate $3,619,718 12% $3,031,300 11% $2,393,335 8% $855,647 9% What is the weighted average cost of capital for the $9,900,000? What is the weighted average cost of capital for the $9,900,000? % (Round to two decimal places.)

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