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please provide as many details as possible Here is a book balance sheet for Ink and Press Co. Figures are in millions. Assets Liabilities and

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Here is a book balance sheet for Ink and Press Co. Figures are in millions. Assets Liabilities and Shareholders' Equity Assets (book value) $80 Debt $30 Equity $50 $80 $80 Unfortunately, the company has fallen on hard times. The 5 million shares are trading for only $4 apiece, and the market value of its debt securities is 408 below the face (book) value. Suppose shareholders now demand a 20% expected rate of return. The bonds are now yielding 148. a. What is the firm's weighted-average cost of capital if the firm's tax rate is 218? a. If the company considers a normal project whose risk is about the same as the company's risk with an internal rate of return of 138, should it accept the project? Why or why not

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