Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $8.4 million. The company has decided to pursue an all-debt scenario. Grey's has

WACC. Grey's Pharmaceuticals has a new project that will require funding of $8.4 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:

Lender Amount Interest Rate Steven $3,033,876 14% Yang $2,546,466 12% Shepherd $2,183,898 9% Bailey $635,760 10%

What is the weighted average cost of capital for the 8,400,000?

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