Retlaw Corporatiot R. R mancutactures time-series photographic ectipment. It is currently at its target debt-equify ratio of 0.81 it's consicering building a rewew $44 milion manufacturing facility. This new plant is expected to. generate after-tax cash flows of $6.3. mbwison in perpetily, The company taises all equity from outside financing There are three finaficing options. 1. A new issue of common stock. The flotation costs of the new common stock would be 10 of of the amount raised. The required return onthe compary's new equily is 16%. 2 A new isstje of 20 -year bands. The flotation costs of the new bonds would be 4% of the procteds. If the oompany issues these new bonds at an annual coupon rate of 8,04 they will sell at pat, 3. Increased use of accoents payable financing Because this finencing is part of the company's ongoing deily business. if has no fiotation costs, and the company assigns it a cost that is the same as the overall firm Wacc. Management has a torget ratio of accounts payable to long-1erm debt of 0.200. Assume there is no difference between the pre-tax and; ofter-tax accounts payable corbli What is the Npy o the new plant? Assurme that RC has a 34% tax rate. (Enter the answer in doliars. Do not round intermediate calculotlons. Round the WACC percentage to 2 decimel places. Round the final answer to 2 decimal piaces, Omits sign in your fesponse.)