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please show all work on paper. no excel please! 34) Show all of your work clearly and legibly to receive full credit. Suppose Isaac Inc.

please show all work on paper. no excel please!
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34) Show all of your work clearly and legibly to receive full credit. Suppose Isaac Inc. has an equity cost of capital of 10%, market capitalization of $10.80 billion, and an enterprise value of $14.4 billion. Suppose Isaac Inc.'s debt cost of capital is 6.1% and its marginal tax rate is 35%. 1) What is Isaac Inc.'s WACC? 2) If Isaac Inc. maintains a constant debt-equity ratio, what is the value of a project with average risk and the expected free cash flows as shown here, a) rwace=0.084913 b) Vt=185.87 and you can also solve for NPV=85.87

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