Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $2.8 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 $2.8 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	$1,052,783	16%
Yang	$850,335	14%
Shepherd	$716,302	11%
Bailey	$180,580	12%

What is the weighted average cost of capital for the $2,800,000?

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