[4] Project valuation with WACC (20 points) You have the following information for Company J: Debt D Number of shares outstanding Stock price (per share) Beta 6 Tax rate Risk-free rate r Expected return on market rw Credit rating Credit spread for AA-rated firms 25,250 1,321 37 2.20 25% 4.00% 9.50% 1.40% Company J is considering a four-year investment project that would cost 1.5 million; depreciation is straight-line to an estimated salvage value of 200,000. The estimated cash flows and the change in working capital are: 4 EBIT taxes Change in working capital 351,255 372,330 394,670 418,350 11,240 15,565 1,290 0 Your task is to evaluate the investment project by using the Weighted-Average Cost of Capital (WACC) of Company J. ISee Excel templatel