Problem 11(WACC and NPV) Woodsburg is considering an 8-year project that will increase the firm's (before tax) operating income by $174.54 million a year. The start-up costs include $96.5 million to build production facilities, \$7.2 million in land and $19.2 million in net working capital. The $96.5 million facility is made up of a building valued at $16 million with a CCA rate of 5%, and $80.5 million of manufacturing equipment with CCA rate of 20%. At the end of the project's life, the facilities (including the land) will be sold for an estimated \$27.9 million; assume the building's value will be $8.7 million. The value of the land is not expected to change. Thus the equipment re-sale value is $12 million Woodsburg uses only bonds and common stocks to finance its operations and maintains a debt to equity ratio of 1 (i.e. 50% debt, 50% equity). Woodsburg's bonds are currently traded at par, carry an 8% annual coupon, and mature in 10 years. Woodsburg's stock has a beta of 0.9. The current market risk premium is 7% and the current risk-free rate is 3%. The above estimates are the result of a $1.5 million marketing study that lasted 2 years. Should this project be implemented if Woodsburg's tax rate is 39 percent