Disney Co. has an exciting project and seek your advice. The project has an initial outlay of $10 million and is expected to generate $2 million each year for the next 10 years. You decide to generate its weighted average cost of capital and collect the following information. Its current stock price is $93.24 per share, with 1,830 million shares outstanding. Its market value of debt is $51,608 million. The company's equity beta is 1.30. The company has the interest expense of $1,549 million. Its tax rate is 21%. Assume the risk-free rate of 4% and the market return of 11%. a. What is its cost of equity, assuming Capital Asset Pricing Model (CAPM)? b. Based on the interest expense and debt value, what is your estimated pre-tax cost of debt and after-tax cost of debt? c. Compute its Weighted Average Cost of Capital (WACC). d. What is the Internal Rate of Return (IRR) of the given project? e. What is the Net Present Value (NPV) of the given project? Based on your findings, would you recommend taking the project? Why or why not