McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12.87 per share. The firms debt is publicly traded and was recently quoted at 91.00% of face value. It has a total face value of $16.00 million, and it is currently priced to yield 10.00%. The risk free rate is 4.00% and the market risk premium is 8.00%. Youve estimated that the firm has a beta of 1.44. The corporate tax rate is 40.00%.

The firm is considering a $41.37 million expansion of their production facility. The project has the same risk as the firm overall and will earn $11.00 million per year for 8.00 years.

What is the cost of equity?Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

What is the percentage of equity used by McCann Catching, Inc.?Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

What is the WACC for McCann Catching, Inc.?Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

What is the NPV of the expansion? (answer in terms of millions, so 1,000,000 would be 1.0000)Answer format: Currency: Round to: 4 decimal places.