nework You have the following information about Burgundy Basins, a sink manufacturer Equity shares outstanding Stock price per share Yield to maturity on debt Book value of interest-bearing debt Coupon interest rate on debt Market value of debt Book value of equity Cost of equity capital Tax rate 20 million $ 40 6.5% $ 355 million 4.5% $ 250 million $ 420 million 12.9% 35% Burgundy is contemplating what for the company is an average-risk investment costing $40 million and promising an annual ATCF of $5.0 million in perpetuity. a. What is the internal rate of return on the investment? (Round your answer to 2 decimal places.) Intemal rate of return b. What is Burgundy's weighted average cost of capital? (Round your answer to 2 decimal places.) Weighted average cost 75