Ariana, Incorporated, is considering a project that will resuh in initial aftertax cash savings of $7mallich at the end of the first year, and these savings will grow at a fate of 3 percent per yeat, indefinitely. The firm has a target debt-equity ratio of 59 , a cost of equity of 13.4 percent, and an aftertox cost of debt of 6.4 peteent. The cost-saving proposal is scenewhat riskier than the trayal project the firm undertakes: manapecnent uses the subjective approach and apples an adjustment factor of t3 percent to the cost of captal for such risky projects. a. Calculate the required retum for the project. Note; Do net round intermedlate calculations and enter your answer as a percent rounded to 2 declimal places, e.9., 32.16 . b. What is the maximum cost the company would be wiling to poy for this project? Note: Do not round intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16