Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $6.0 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 $6.0 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	$2,165,244	14%
Yang	$1,775,691	12%
Shepherd	$1,524,077	9%
Bailey	$534,988	10%

What is the weighted average cost of capital for the $6,000,000?

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