The Chicago Opera is considering a project to grow sales. They estimate the project will return $12\%$ annually. Based on the data below, determine if they should go ahead:

a$.$ Outstanding shares of common stock $=3$mm$,$ at a current price of $$15$

b$.$ Current debt $=$ $$55$MM$,$ issued at an average coupon rate of $4\mathrm{.}25\%,2$ years ago

c$.$ The effective tax rate is $30\%$

d$.$ Similar bonds to the Chicago Opera$$s are trading at $103\mathrm{.}2$

e$.$ The company will pay a quarterly dividend of $$\mathrm{.}15$ this year. They paid a dividend of $$\mathrm{.}088$ years ago.

f$.$ The risk free rate is $3\%,$ the expected market return is $9\%,$ and the stocks beta is $1\mathrm{.}4$