Question: WACC. Grey's Pharmaceuticals has a new project that will require funding of $13.4 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 $13.4 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 2 Lender Steven Yang Shepherd Bailey in order to copy its content into a spreadsheet. Amount Interest Rate $4,892,138 13% $4,033,439 11% $3,422,894 8% $1,051,529 9% What is the weighted average cost of capital for the $13,400,000? What is the weighted average cost of capital for the $13,400,000? % (Round to two decimal places.)

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