You have the following information about Burgundy Basins, a sink manufacturer. 20million Equity shares outstanding Stock price per share Yield to maturity on debt $ 38 9.5% Book value of interest-bearing debt $ Coupon interest rate on debt Market value of debt 345 million 4.3% $ 240 million $ 400 million Book value of equity Cost of equity capital Tax rate 11.6% 35% Burgundy is contemplating what for the company is an average-risk investment costing $36 million and promising an annual A $4.8 million in perpetuity. a. What is the internal rate of return on the investment? (Round your answer to 2 decimal places.) Answer is complete and correct. Internal rate of return 13.33 % b. What is Burgundy's weighted-average cost of capital? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Weighted-average cost 9.49 %