WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $3,714 from Wendy, who will charge him 3% on the loan. He will also borrow $2,814 from Bebe, who will charge him 5% on the loan, and $1,472 from Shelly, who will charge him 11% on the loan. What is the weighted average cost of capital for Eric? ... What is the weighted average cost of capital for Eric? % (Round to two decimal places.) WACC. Grey's Pharmaceuticals has a new project that will require funding of $6.0 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 in order to copy its content into a spreadsheet. Amount Interest Rate $2,213,975 15% $1,793,142 14% $1,281,556 11% $711,327 12% Bailey What is the weighted average cost of capital for the $6,000,000? What is the weighted average cost of capital for the $6,000,000? % (Round to two decimal places.) Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $100 and a dividend rate of 8.6%. The stock is selling for $71.61 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 1% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker? C What is the cost of preferred stock for Kyle using the investment banker? % (Round to two decimal places.) Cost of equity: SML. Stan is expanding his business and will sell common stock for the needed funds. If the current risk-free rate is 3.3% and the expected market return is 10.2%, what is the cost of equity for Stan if the beta of the stock is a. 0.55? b. 0.91? c. 1.03? d. 1.287 a. What is the cost of equity for Stan if the beta of the stock is 0.55? % (Round to two decimal places.)