Glitter Inc. uses one-quarter common stock and three-quarters debt to finance their operations. The after-tax cost of debt is 7 percent and the cost of equity is 13 percent. The management of Glitter Inc. is considering an expansion project that costs $1.2 million. The project will produce a cash inflow of $45,000 in the first year and 150,000 in each of the following 10 years (i.e. 150,000 in years 2 thru 11). What is the WACC and should Glitter Inc invest in this project? 8.5 percent, yes because the NPV is $251,426.54 8.5 percent, no because the NPV is $351,426 11.50 percent, no because the NPV is $383,708 11.50 percent, yes because the NPV is $383,708 8.5 percent, no because the NPV is $251.426.54