Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $1.3 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 $1.3 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 $471,035- 16% Yang $394,713 -13% Shepherd $310,768 -11% Bailey $123,484 -12%

What is the weighted average cost of capital for the $1,300,000?

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