27 olmur Attempts Remaining Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is cornidering the following project: The project will last 5.00 years with an annual cash flow of $40.00 million. The project will require an initial investment of $140.00 million The firm must determine the cost of capital to evaluate the project. (The project is within the firm's normal activities) Ramblin Wreck, Inc. Financial Data: STOCK DATA: BOND DATA: Current Price Per Share $30.00 Current Price Per Bond $922.00 # of Shares 2.00 milion of bonds 20,000.00 Book Value $50 milion Annual Coupon Rate 8.00% Faro Vare Per Bond 31.000 Maturity 10 years The risk free rate in the economy is currently 2.00%, while investors have a market risk premium of 6.00%. Ramblin Wrock, Inc. has a beta o 1.45. The tax rate is 37.00% What is the weight in debt for the project? Submit Answer format: Percentage Round to: 2 decimal places Example: 9.24% % sign required accopt decimal format rounded to 4 decimal places fox 0.0924)