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What is the payback period for a $50million project with expected cash flows of $15million each year for the next eight years? (Enter your answer as a number rounded to 2 decimal places.) Your Answer: Answer Hide hint for Question 4 In this special case, payback period= project investment / annual cash flow A firm has determined its target capital structure and it after-tax cost for each source of capital. What is the firm's weighted average cost of capital (WACC)? (Enter your answers as a percentge rounded to 2 decimal places) Source of Capital Long-term Debt (after taxes) Preferred Stock Common Stock Proportion 30% 10% 60% Cost 6% 10% 15% 90% Your Answer: Answer Hide hint for Question 11 Weight average cost of capital= weight of long-term debt* cost of debt(after tax)+weight of preferred stock* cost of preferred stock+ weight of common stock*cost of equity (or common stock)