#28 c Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project: unanswered not submitted 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 Attempts Remaining: Infinity 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 $29.00 Current Price Per Bond $938.00 # of Shares 2.00 million # of bonds 20,000.00 Book Value $50 million Annual Coupon Rate 9.00% Face Value Per Bond $1,000 Maturity 10 years The risk free rate in the economy is currently 2.00%, while investors have a market risk premium of 7.00%. Ramblin Wreck, Inc. has a beta of 1.48. The tax rate is 39.00%. What is the WACC for the 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)) #29 + unanswered Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering 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 not submitted Attempts Remaining: Infinity 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 $29.00 Current Price Per Bond $921.00 # of Shares 2.00 million # of bonds 20,000.00 Book Value $50 million Annual Coupon Rate 8.00% Face Value Per Bond $1,000 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 Wreck, Inc. has a beta of 1.46. The tax rate is 40.00%. What is the NPV of the project? (express in millions, so 1000000 would be 1.00) Submit Answer format: Currency: Round to: 2 decimal places