If Apple were to consider a new project, how would your changes to the capital structure impact the decision to accept or reject the project? Specifically, address the acceptance/rejection decision with the existing capital structure/cost of capital and the proposed change in capital structure. Apple's WACC is 9.81% for the current capital structure and the proposed capital structure. Debt ratings and average debt rates by debt rating are available in Bloomberg. Use the CAPM model to solve for the firm's cost of equity.