#18 unanswered Georgia Movie Company has a capital structure with 44.00% debt and 56.00% equity. The cost of debt for the firm is 9.00%, while the cost of equity is 12.00%. The tax rate facing the firm is 37.00%. The firm is considering opening a new theater chain in a local college town. The project is expected to cost $12.00 million to initiate in year 0. Georgia Movie expects cash flows in the first year to be $2.81 million, and it also expects cash flows from the movie operation to increase by 5.00% each year going forward. The company wants to examine the project over a 14.00-year period. not_submitted Attempts Remaining: Infinity What is the WACC for this project? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) #19 unanswered Georgia Movie Company has a capital structure with 44.00% debt and 56.00% equity. The cost of debt for the firm is 9.00%, while the cost of equity is 12.00%. The tax rate facing the firm is 37.00%. The firm is considering opening a new theater chain in a local college town. The project is expected to cost $12.00 million to initiate in year 0. Georgia Movie expects cash flows in the first year to be $2.81 million, and it also expects cash flows from the movie operation to increase by 5.00% each year going forward. The company wants to examine the project over a 14.00-year period. not_submitted Attempts Remaining: Infinity What is the NPV of this project? (express answer in millions, so 1,000,000 would be 1.00) Submit Answer format: Currency: Round to: 2 decimal places