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A firm has projected the following financials for a possible project: 3 4 5 YEAR 0 1 2 134,994.00 134,994.00 134.994.00 Sales 134,994.00 134,994.00 62.673.00

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A firm has projected the following financials for a possible project: 3 4 5 YEAR 0 1 2 134,994.00 134,994.00 134.994.00 Sales 134,994.00 134,994.00 62.673.00 62,673.00 Cost of Goods 62,673.00 62,673.00 62,673.00 30,000.00 30,000.00 30,000.00 S&A 30,000.00 30,000.00 21,318.60 21,318.60 21,318.60 21,318.60 Depreciation 21,318.60 1,044.00 558.00 558.00 558.00 Investment in NWC 558.00 558.00 Investment in Gross PPE 106,593.00 The firm has a capital structure of 36.00% debt and 64.00% equity. The cost of debt is 10.00%, while the cost of equity is estimated at 12.00%. The tax rate facing the firm is 39.00%. (Assume that you can't recover the final NWC position in year 5.1.e. only consider the change in NWC for each year) What is the WACC for the project? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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