A company would like to figure out if an 8-year project is worth it. The company is in the 34% income tax bracket. Here's what else is known: If it doesn't use a loan If it uses a loan Project's initial cost: $700,000 Project's after-tax cash flow: $180,000 per year Beta of the company's equity = 1.2 Required return on the company's equity = 11.4% 40% of the initial cost would be covered with an interest-only riskless loan Even more information: Treasury bill rate = 3%. It is a proxy for the riskless asset. Market portfolio expected return = 10% [Select] The company would like to use the WACC approach to evaluate this levered project. According to this approach: RWACC = (Weight of levered equity) x (Cost of levered equity) + (1 - Tc) x (Weight of debt) x (Cost of debt) In this formula, weight of levered equity- V cost of levered equity = [Select] and cost of debt = weight of debt = places in all intermediate steps to 6 or even more. The more the better! Only round your final numeric answers to TWO decimal places. The resulting RWACC [Select] [Select] [Select] [Select] .Tc= Weighted Average Cost of Capital . Increase the decimal HINT #1: You won't need some of the numbers that are given. HINT #2: Use the "debt-to-BOOK-value-of-equity method" (which is much easier!) rather than the "debt-to-MARKET-value-of-equity method" in order to calculate the debt-to-equity ratio, if needed