WACC Grey's Pharmaceuticals has a new project that will require funding of $12.7 million. The...
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WACC Grey's Pharmaceuticals has a new project that will require funding of $12.7 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 in order to copy its content into a spreadsheet. Lender Amount Interest Rate Steven $4,771,630 12% Yang $3,635,495 11% Shepherd $3,261,337 8% Bailey $1,031,538 9% What is the weighted average cost of capital for the $12,700,000? What is the weighted average cost of capital for the $12,700,000? [% (Round to two decimal places.) WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $6,608 from Wendy, who will charge him 6% on the loan. He will also borrow $5,479 from Bebe, who will charge him 8% on the loan, and $2,913 from Shelly, who will charge him 14% on the loan. What is the weighted average cost of capital for Eric? What is the weighted average cost of capital for Eric? % (Round to two decimal places.)
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