Please round to 2 decimal places: What is the cost of equity? What is the weight in debt for the project?

Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project: The project will last 5.00 years with an annual cash flow of $40.00 million. The project will require an initial investment of $140.00 million The firm must determine the cost of capital to evaluate the project. (The project is within the firm's normal activities) Ramblin Wreck, Inc. Financial Data: STOCK DATA: Current Price Per Share # of Shares Book Value BOND DATA: $28.00 2.00 million $50 million Current Price Per Bond # of bonds Annual Coupon Rate Face Value Per Bond Maturity $929.00 20,000.00 8.00% $1,000 10 years The risk free rate in the economy is currently 2.00% while investors have a market risk premium of 7.00%. Ram rec nc has a be a of- The a rat