Riddle Industries has the following capital structure. Its corporate tax rate is 21 percent. Book Market Required Rate of Capital Structure Components Value Value Return Bank Interest rate of 7% $20 mln Loan Bonds Matures in 25 years, Coupon rate of 8% paid annually, current YTM is 9%. $50 min Preferred 1 min shares; preferred Stock dividends are $4 per share $42 mln Common 10 min shares; Next year dividends are $1.40 per share; expected dividend growth rate $140 mln Stock is 3% per year. (Hint: Book value of debt is a face value of 50,000 corporate bonds) If Riddle Industries considers a project that has IRR of 11.5%, what can you say about the project's NPV? The project's NPV is zero The project's NPV is positive I am not going to answer this question because I am exhausted. This exam is too long. The project's NPV is negative