1. (a) A company plans to invest 1,000,000 in projects next year. Of that 700,000 will be provided through debt capital with a before-tax cost of 7.3 percent. The remaining 300,000 will be provided through equity capital at a cost of 6.5 percent. The corporate tax rate is 40 percent. What is the weighted average cost of capital? (b) In a few sentences what is the "VDB depreciation" technique (c) Consider a palletizer at a bottling plant that has an initial cost of 150,000, operating and maintenance costs of 17,500 per year and an estimated net salvage value of 25,000 at the end of 30 years. I= 6%. What is the Present Worth of this system if the planning horizon is 30 years? (This is a cost problem so the answer will be negative)