WACC. Grey's Pharmaceuticals has a new project that will require funding of $7.1 million. The...
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WACC. Grey's Pharmaceuticals has a new project that will require funding of $7.1 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 11% 8% Yang Shepherd Bailey $2,665,500 $2,122,681 $1,813,720 $498,099 6% 7% What is the weighted average cost of capital for the $7,100,000? What is the weighted average cost of capital for the $7,100,000? % (Round to two decimal places.)
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