Required: Speedy Delivery Systems can buy a piece of equipment that is anticipated to provide an 11 percent return and can be financed at 6 percent with debt. Later in the year, the firm turns down an opportunity to buy a new machine that would yield a 9 percent return but would cost 15 percent to finance through common equity. Assume debt and common equity each represents 50 percent of the firm's capital structure. a. Compute the weighted average cost of capital. b. Which project(s) should be accepted? Input area: Equipment expected return Debt financing rate New machine expected return Equity financing rate Percent of capital structure both equity and debt 11% 6% 9% 15% 50% Note: Use cell A2 to B13 from the given information to complete this question. Round your percentage answer to 2 decimal places (i.e., 0.1234 should be considered as 12.34.) Output area: a. Weighted-average cost of capital b. Which project should be accepted? Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. = Graded Worksheet scratch_sheet +