The following information is related to questions 1, 2 and 3 Burns and Nuble is considering an investment in a project which would require an initial outlay of $330,000 and produce expected cash flows of $150,000 per year in three consecutive years. You have determined that the current after-tax cost of the firm's capital (required rate of return) for each source of financing is as follows: Cost of Long-Term Debt 8% Cost of Preferred Stock 12% Cost of Common Stock 16% Long term debt currently makes up 20% of the capital structure, preferred stock 10%, and common stock 70%. 1. Calculate the weighted Average Cost of Capital (WACC) (ILO 3-1 point) 2. Calculate the payback period (ILO 5 - 1 point) 3. Calculate the net present value of the project considering the WACC calculated in question 1. (ILO 5-1 point)