Ariana, Incorporated, is considering a project that will result in initial aftertax cash savings of $6.6 million at the end of the first year, and these savings will grow at a rate of 3 percent per year, indeferntely. The firm has a target debt equity ratio of 65 , a cost of cquity of 13 percent, and an aftertax cost of debt of 6 percent. The cost-saving proposal is somewhat riskier than the usual project the firm undertakes, management uses the subjective approach and applies an adjustment factor of +2 percent to the cost of capital for such risky projects. a. Calculate the required return for the project Note: Do not round intermediate calculations and enter your answer os o percent rounded to 2 decimal ploces, e.g. 32.16 . b. What is the maximum cost the company would be willing to pay for this project? Note: Do not round intermediate calculations and round your onswer to 2 decimal places, e.9., 32.16