Use the following data to calculate the Weighted Average Cost of Capital for the James Corporation: cost 12.20% weight 0.6000 5.60% 0.0800 Cost of Common Stock Equity Cost of Preferred Stock Equity Cost of Bond Pre-Tax Cost of Bond II Pre-Tax 23.00% 4.50% 0.1800 3.80% 0.1400 Tax Rate a. 8.70% 9.11% 8.60% Od 8.80% A company invested in new machinery that is expected to provided the following cash flows. Cash in Year 0 Cash out $ (3,000,000) O-NM 2 3 4 5 6 7 8 550,000 550,000 550,000 730,000 730,000 730,000 730,000 730,000 (We will use this data for questions 34 and 35) 34. What is the NPV of the investment using a discount rate of 14.50%? (84,092) O. . 91,263 (74,326) d. (91,263)