Concept of cost of capital Mace Manufacturing is in the process of analyzing its investment decision-making procedures. Two projects evaluated by the firm recently involved building new facilities in different regions, North and South. The basic variables surrounding each project analysis and the resulting decision actions are summarized in the following table. If the firm maintains a capital structure containing 40% debt and 60% equity, find its weighted average cost using the data in the table. If both analysts had used the weighted average cost calculated in part d, what recommendations would they have made regarding the North and South facilities? Compare and contrast the analyst's initial recommendations with your findings in part e. Which decision method seems more appropriate? Explain why