Intro International Shipping Lines is a U.S. based operator of container ships. The company is considering opening a new shipping hub in Greece: The hub will cost 59 million to build, and will generate free cash flows of 10 million in each of the next four years. At the end of year 4, it can be sold for 35 million (after taxes). The current exchange rate is $1.13 per euro. The company expects the exchange rate to stay constant. . To evaluate the proposal, the company needs to calculate its weighted average cost of capital. It has collected the following information: The company would have to pay an interest rate of 4% on new bonds. The company uses the CAPM to find the cost of equity. Its beta is 0.8. the yield on Treasury bonds is 3% and the expected return on the market (S&P 500) is 5% The company wants to maintain is current capital structure. The value of bonds is $65 million and the market value of equity is $155 million The U.S. tax rate is 21% 8. Attempt 110 for 10 pts Part 1 What is the cost of equity? 4 deatmals Submit T8 Attempt 1/10 for 10 pts Part 2 What is the company's weighted average cost of capitali B Attempt 1/10 for 10 pts. Part 1 What is the cost of equity? 4+ decimals Submit Part 2 IB Attempt 1710 for 10 pts. What is the company's weighted average cost of capital? 4+ decimals Submit IS Attempt 1/10 for 10 pts Part 3 What is the NPV of this project in S million)? Hint: use the weighted average cost of capital exactly as calculated in the previous part + demets Submit