Firm MNO is entirely equity financed. It is evaluating a growth project plan to purchase a farm land that will subsequently be leased to farmers. MNO can issue bonds at par value. The project and firm data is as follows: a- what is the NPV of this project? b-should the purchase of the farm land be financed with debt or equity? C- what is the stock price for either financing option? MNO Stock price MNO Shares outstanding MNO current cost of capital Cost of farm land Increase in cash flow YTM on new debt MNO Tax rate $41.85 11,160,000 10.239 $37,200,000 $10,230,000 6.5196 37.20%