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

X P11-2 (similar to) Question Help WACC. Grey's Pharmaceuticals has a new project that will require funding of $11.1 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 o in order to copy its content into a spreadsheet. Lender Amount Interest Rate Steven $3,927,216 11% Yang $3,163,677 9% Shepherd $2,616,521 6% Bailey $1,392,586 7% What is the weighted average cost of capital for the $11,100,000? What is the weighted average cost of capital for the $11,100,000? % (Round to two decimal places.)