1)Healthy Foods has 23,000 shares of common stock outstanding at a price per share of $60 and a rate of return of 14.2 percent. The firm has $300,000 of preferred stock outstanding at a rate of 8%. The outstanding debt has a total value of $357,000 and the yield-to-maturity on the debt is 7percent before tax. What is the firm's weighted average cost of capital if the tax rate is 40 percent? Show calculations

2)Bono Inc. is considering a project that costs $10 million but will produce cash inflows of $5.1 million for 3 years. Bono Inc. has a target equity ratio of 60% and a target debt ratio of 40%. The companys cost of equity is 13% and the after tax cost of debt is 6%. What is the NPV of the project? Assume the project has average risk. Show calculations.