I have 2 question that I have been struggling with for an upcoming test. I you could answer them (preferably in Excel) that would be great!

1. A firm is considering the purchase of a machine which would represent an investment of $32 million, and would be depreciated in astraightlinebasis over 3 years. Sales are expected to be $12 million per year, and operating costs 22% of sales. The company is currently paying $2 million in interest per year, has a tax rate of 40%, and a WACC of 10%. What is the companys free cash flow for year 1 of this project?

Enter your answer in millions of dollars, rounded to 1 decimal, and without the dollar sign. For example, if your answer is 10.5678, enter 10.6

2. A company has $80 million in outstanding bonds, and 10 million shares of stock currently trading at $23 per share.The bonds pay a coupon rate of 8%. The company's beta is 0.8, its tax rate is 40%, the risk-free rate is 4%, and the market risk premium is 4%. What is this firm's WACC?

Enter your answer as a percentage, without the percentage sign ('%'), rounded to 1 decimal. For example, if your answer is 0.0789, that's 7.9%, so just enter 7.9