7. Deborah helping Deborah decide whether to introduce the new pro is considering the introdbucition of a new product Yo. Deborah Corporation hasa asked with corporate tax rate ot 30%, and a bond ra-g rate of 7%. None of Deborah values) of 0.50, a current ratio of 2.4, a beta of 1.40.a s bonds have an average coupon of Deborah co -ale vs rating of A that a bond recently issued by Harry Corporationys nded in the born s debt is actively traded in the bond markets However, you see s a BBB bdsued by 3%, and the expected market return is 9 5%. Harry Corporation (a major competitor of Deborah Corporation) aring and ayeld to maturity of 6%. Harry's beta is .65-the risk-free rate is is a. Estimate the woighted average cost of capital (WACC) for Deborah Corporation. b. Prior to your analysis in part a., Deborah had determined that the project was acceptable. You know that decision was based on a previously calculated WACC of 14% Based on your estimation of the WACC (in part a), would you recommend that the Deborah Corporation introduce the new product? In 25 words or less, explain your answer. No further calculations necessary