NAQ co. is considering a new project that to produce a new line of product in 2022. The initial investment in 2021 for producing new products costs $320,000. The cash inflows during the next three years of the project are Year 2022 2023 2024 Cash inflows $80,000 $170,000 $220,000 The capital structure required for the project is from the firm's capital with the following information: Debt: 4,000 of 9% coupon bonds outstanding, 3 years to maturity, $1000 par value each and the bonds have Yield to maturity of 12% and make semiannual payment. Bank loans: $200,000 from BBB bank with the real interest rate is 11%. Common stock: 10,000 shares outstanding, next year dividend is expected to be $6 per share and this company expect to pay a dividend constant growth rate of 4% each year. Required rate of return on common stock is 14%. Tax rate is 40%. Required: a. Calculate the value of bond and common stock. (1.5p) b. Calculate WACC assuming that all price from part (a) is the issuing price of securities. (1p) c. Evaluate the project by using NPV, IRR, and discounted payback period.(2p)