ty Short answers (20 points each): 1. NPV for an All-Equity Company Watson, Inc., is an all-equity firm. The cost of the company's equity is currently 11.9 percent, and the risk-free rate is 3.5 percent. The company is currently considering a project that will cost $10.6 million and last six years. The project will generate revenues minus expenses each year in the amount of $3.1 million. If the company has a tax rate of 40 percent, should it accept the project