Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $13.3 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 $13.3 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	$4,735,503	11%
Yang	$3,953,616	8%
Shepherd	$3,286,184	6%
Bailey	$1,324,697	7%

What is the weighted average cost of capital for the $13,300,000?

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