a manufacturing company has 30,000 bonds outstanding with a 9% annual coupon rate, 10 years to maturity, a $3,000 face value, and a $4,100 market price. Yield to Maturity (YTM) is 6.48%. The companys 700,000 shares of common stock sell for $45 per share and have a beta of 1.8. The risk-free rate is 4%, and the market return is 14%. Assuming a 35% tax rate, what is the companys WACC?. Management has decided to add an additional 1.5 percent to the company's overall cost of capital when evaluating a production expansion project. The project requires a capital investment of outlay of $82,000 and projected cash inflows of $37,000 in year one, $48,000 in year two, and $50,000 in year three. The firm has a flotation cost of debt of 9 percent and a flotation cost of equity of 12.5 percent. What is the projected net present value of the new project?