WACC. Grey's Pharmaceuticals has a new project that will require funding of $2.4 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 Interest Rate Amount Lender Steven Yang Shepherd Bailey 11% 5% 6% 7% $852,539 $715,398 $623,903 $208,160 What is the weighted average cost of capital for the $2,400,000? What is the weighted average cost of capital for the $2,400,000? % (Round to two decimal places.)