7. (10 Percent) Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the company's outstanding bonds is 8.0%, its tax rate is 35%, the next expected dividend is $0.70 a share, the dividend is expected to grow at a constant rate of 5.00% a year, the price of the stock is $27.50 per share, the flotation cost for selling new shares is F-8%, and the target capital structure is 30% debt and 70% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget? 8. (15 Percent) You must analyze a project for a firm. The firm's WACC is 11.5%, and the expected cash flows of the project are as follows: Year Cash Flow 0 -$11,000 3 $3,000 4 $1,000 $6,500 $3,000 Calculate the project's NPV, IRR, MIRR, payback, and discounted payback