Suppose your company needs $18.2 million to build a new assembly line. The project will generate after-tax cash flows of $5 million per year for 10 years. The WACC is 12%, and the firms target debt-equity ratio is .25. The flotation cost for new equity is 10 percent, but the flotation cost for debt is only 5 percent. Your boss has decided to fund the project by borrowing money because the flotation costs are lower and the needed funds are relatively small. (a) What is your companys weighted average flotation cost, assuming all equity is raised externally? (b) What is the true cost of building the new assembly line after taking flotation costs into account? (c) Suppose the project will generate aftertax cash flows of $500,000 per year for 10 years. What is the NPV for the project after adjusting for the flotation costs?