Acme Computers is considering a new project that cost of I= 5 million. The project will generate after tax (year end) cash flows of 1.5million for ten year. The firm has a debt to equity ratio of D/E = 3/7. The equity beta for the risk free rate is Rf=4%. The before tax cost of debt is kD= 11 percent. The corporate tax rate = 40%. Calculate the weighted average cost of captial (WACC) and NPV of this project.

Answer choices

A)10.257% and $4,115,965.56

B)12.4% and $3,338,344.23

C)11.08% and $8,804,292.71

D)11.08% and $3,804,292.71

please choose an answer choice and show work

thanks in advance

its says that the equity beta for acme is 1.5