PLEASE ANSWER THIS IN THE FORMAT PROVIDED IF NOT 100% COMPLETE I WILL DOWN VOTE

Suppose a beverage company is considering adding a new product line. Currently the company sells apple juice and they are considering selling a fruit drink. The fruit drink will have a selling price of $3.00 per bottle. The plant has excess capacity in a fully depreciated building to process the fruit drink. The fruit drink will be discontinued in four years. The new equipment is depreciated to zero using straight line depreciation. The new fruit drink requires an increase in working capital of $55,000 and $15,000 of this increase is offset with accounts payable. Projected sales are 250,000 bottles of fruit drink the first year, with a 20 percent growth for the following years. Variable costs are 68% of total revenues and fixed costs are $225,000 each year. The new equipment costs $285,000 and has a salvage value of $50,000. The corporate tax rate is 35 percent and the company currently has 1,000,000 shares of stock outstanding at a current price of $25. The company also has 80,000 bonds outstanding, with a current price of $985. The bonds pay interest semi-annually at the coupon rate is 6%. The bonds have a par value of $1,000 and will mature in twenty years. Even though the company has stock outstanding it is not publicly traded. Therefore, there is no publicly available financial information. However, management believes that given the industry they are in the most reasonable comparable publicly traded company is Monster Beverage Co (ticker symble is MNST). In addition, management believes the S\&P 500 is a reasonable proxy for the market portfolio. Therefore, the cost of equity is calculated using the beta from COT and the market risk premium based on the S\&P 500 annual expected rate of return. Use the current 3-year US Treasury Note rate for a proxy for the riskfree premium. The WACC is then calculated using this information and the other information provided above. Clearly show all your calculations and sources for all parameter estimates used in the WACC below. Format all cells in tables correctly and show all rates to four decimal places as follows: XX.XX\% Kequired 1. Calculate the WACC for the company. 2. Create a partial income statement incremental cash flows from this project in the Blank Template worksheet using the tab below. 3. Enter formulas to calculate the NPV by finding the PV of the cash flows over the next four years. (You can either use the EXCEL formula PVO or use mathmatical formula for PV of a lump sum.) 4. Set up the EXCEL worksheet so that you are able to change the parameters in E3 to E12. Run three cases best most likely and worst case where the growth rate is 25%,15% and 5%