Pritchett's Closets & Blinds only debt is due to its very recent issue of 20,000 30-year 7% annual coupon bonds that were sold at par value of exist1000. Its stock is currently selling for exist20, there are 1.5M shares outstanding, and the stock will pay a dividend of exist2.00 per share next year. The dividends are expected to grow at a constant rate. The company has ROE of 12% and maintains a plowback ratio of 25%. The company's tax rate is 30%. The CEO, Jay Pritchett, is considering a project that is expected to provide exist10M at the end of each of the next 5 years. The new manufacturing equipment will cost exist30M, and the equipment will be installed in a building it owns but is not now using. The building could be sold for exist8M. The company has already spent exist1M on research related to the new project. Calculate the company's WACC. If Jay Pritchett decides to accept the project, what is the required investment outlay? Assume the project is of average risk for the company. Compute the NPV, IRR, and MIRR of the project, and determine whether the project should be accepted