Reviewing and need help figuring out this one, I'd appreciate answers and just a brief explanation if possible

Thanks

M.L., Inc. produces and sells soft drinks. The company is considering whether or not to offer a new, healthy drink called Ms Lemonade. The companys chief financial officer has collected the following information about the proposed product:

The company will have to purchase new equipment which will cost the company $24 million to purchase and install.

The equipment will be depreciated on a straight-line basis to a $4 million salvage value over its 10-year project life.It is anticipated that the equipment will in fact be sold for $4 million in year 10.

To date, the company also spent $2 million to research the best formula for the drink (e.g. focus groups and surveys).

The new drink is expected to generate sales revenue of $20 million per year for each of the next 10 years, and 25% of the revenue is from lost sales of existing products.

Because of the project, the company will need additional working capital of $1 million which can be liquidated at the end of 10 years.

The firm has already paid a consulting company $125,000 for analysis of the healthy drink market.

The firm will incur additional operating costs of $6 million per year to produce the new drink.

M.L.s stock price is $32.They just paid a dividend of $2 and the market consensus is for constant 5% dividend growth forever.

M.L.s bonds sell for $902.They pay semi-annually; have 10 years to maturity, a coupon rate of 6% and par value of $1,000.

The companys marginal tax rate is 40%.

The target capital structure of the project is 60% equity and 40% debt.

Which of the following are NOT relevant cash flows?

M.L.s cost of debt (YTM) is _____%.

M.L.s cost of equity is _____%.

M.L.s WACC is ______%.

The initial cash flow of the project is $_______ million.

The projects cash flow in year 7 is $________ million.

The projects cash flow in year 10 is $________ million.

The NPV of the project is $_________ million.

The IRR of the project is ______%.