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Question 5 (18 marks) Manhattan Manufacturers is evaluating whether to launch a new project. The project's expected retum is 8%. Manhattan Manufacturers' capital structure is as follow: The income tax rate for companies is 28%. Required: 5.1) Calculate Manhattan Manufacturers weighted average cost of capital (WACC). (16 marks) 5.2) Based on your calculation in 5.1, advise Manhattan Manufacturers whether they should accept the project. Motivate your answer. (2 marks)