Ms. Harvey is thinking about spending $31,300.00 to purchase a machine to do business from home. The machine has 11 years of life and its salvage value is zero. If she undertakes this project, it will produce an annual free cash flow of $8,400.00 for the next 11 years. If the cost of borrowing to purchase this machine is 12.25%, what is the net present value (NPV) for this project? $16.773.83 $14,609.47 $18,036.38 $17.856.01 $22.184.74 6.5 pts D Question 7 Mr. Carlson is hired as a consultant to Atlanta Bread Company, whose target capital structure is comprised of $183 million debt. $57 million preferred, and $227 million common equity. The interest rate on new debt is 12.20%, the yield on the preferred is 4.45%, the cost of common from retained earnings is 13.05%, and the tax rate is 38.00%. The firm will not be issuing any new common stock. What is Atlanta Bread Company's WACC? 12.31% 10.05% 9.46% 9.85% 11.13%