Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $12.9 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

WACC. Grey's Pharmaceuticals has a new project that will require funding of $12.9 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 Lender Steven Yang Shepherd Bailey in order to copy its content into a spreadsheet. Amount Interest Rate $4,849,726 14% $3,928,474 11% $3,163,090 9% $958,710 10% What is the weighted average cost of capital for the $12,900,000? What is the weighted average cost of capital for the $12,900,000? % (Round to two decimal places.)

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