28) what is the WACC for the project ?

Rambin Wreck is a frm specialcing 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 millon. The project will require an initial investment of $140.00 milion 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: 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 1.43 . The tax rate is 36.00%. What is the WACC for the project? Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, \% sign required. Will accept decimal format rounded to 4 decimal places (ox 0.0924))