The company issues a bond $(1$ year$).$

Yield to maturity: $10\%,$ Probability of default: $4\%,$ Return rate: $0\mathrm{.}5.$

Risk$-$free rate: $3\mathrm{.}5\%,$ Tax rate: $35\%.$

The company also has $20$ million stocks outstanding. The price per share is requested.

The company is considering a project with initial costs and increasing free cash flow. Calculate:

$1)$ WACC $($using CAPM for the cost of equity$).$

$2)$ NPV$.$