Money Inc. is considering whether to undertake a new project to introduce a new product. To pursue the product, Money Inc. will need to spend $3million for new equipment and $430,000 for installation. The bauxite mined will net the firm an estimated $1.06 milllion per year over the next 5 year life of the project. Learning Inc. cost of capital ihave the following components: YTM of bond 8%, tax rate 15% Beta 0.9, risk free rate 4%, market rate 8% Capital structure 60% debt, 40% equity Calculate WACC What is the NPV and Payback Period for the project? Calculate sensitivity of NPV to 8% and 12% cost of capital. Create best case and worst-case