26. The 7D Mining Corporation has the following capital structure: 2% preferred stock, 45% debt, and 53% common equity. Currently, the required return for preferred shareholders is 8%, the yield to maturity on debt is 6%, and the required return on common stock is 12%. The tax rate facing the firm is 34%. The firm is considering a project that will require a $15 million investment today. The project is forecasted to generate an annual cash flow of $3 million per year for the next 12 years. What is the NPV for the project? a. $4.61 million b. $7.26 million c. $9.01 million d. $10.97 million e. None of the above are within $1 million of the correct