WACC. Grey's Pharmaceuticals has a new project that will require funding of $11.4 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: Click on the Icon in order to copy its content into a spreadsheet. Amount Interest Rate Lender Steven 13% 11% Yang Shepherd Bailey $4,169,170 $3,348,045 $2,697,825 $1,184,960 8% 9% What is the weighted average cost of capital for the $11,400,000? What is the weighted average cost of capital for the $11,400,000? % (Round to two decimal places.)