The Joakim Corp. is planning construction of a new shipping depot for its single manufacturing plant. The initial cost of the investment is $1 million. Efficiencies from the new depot are expected to reduce costs by $100,000 forever. The corporation has a total value of $60 million and has outstanding debt of $40 million. The firm has an after tax cost of debt of 6% and a cost equity of 996? 1) What is the firm's after tax WACC? (1 mark) 2) What is the NPV of the project if we assume the project share the same risk as the company risk? (1 mark) 3) If the project has higher risk than the firm risk, how is the estimation of NPV biased? (1 mark) 4) If corporate tax is 25%, what is the before tax WACC? (1 mark) 5) Describe how can you find out the correct NPV by discounting the before tax WACC? (you do not need to do the calculation, just. describe how to perform the calculation. state the new information you need). (1 mark)