Dyrdek Enterprises has equity with a market value of $11.8 million and the market value of debt is $4.5 million. The company is evaluating a new project that has more risk than the firm. As a result, the company will apply a risk adjustment factor of 2.6 percent. The new project will cost $2.31 million today and provide annual cash flows of $611,600 for the next 9 years. The company's cost of equity is 11.14 percent and the pretax cost of debt is 5.13 percent. The tax rate is 21 percent. What is the project's NPV?

NPV = $

Bob's is a retail chain of specialty hardware stores. The firm has 24,000 shares of stock outstanding that are currently valued at $77 a share and provide a 12.2 percent rate of return. The firm also has 2,550 bonds outstanding that have a face value of $1,000, a market price of $986, and a 9 percent coupon. These bonds mature in 11 years and pay interest semiannually. The tax rate is 24 percent. What is the firm's WACC?

WACC = %