Question 2. Please explain in detail! I WILL GIVE A RATING IF CORRECT.

WACC Grey's Pharmaceuticals has a new project that will require funding of $130 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 Lender Amount Interest Rate Steven $4,707,098 15% Yang $4014 462 14% Shepherd $3,003,261 11% Bailey $1,275,179 12% What is the weighted average cost of capital for the $13,000,000? What is the weighted average cost of capital for the $13,000,000? [ % (Round to two decimal places)