you were hired to evaluate snap acts expansion project, which is expected to produce $3.5 million of revenue per year for 10 years. Cash expenses will be $1 million and depreciation expenses will be $750,000 per year. The project also requires a one time expenditure of $150,000 for working capital to start in year zero and it will be recovered in the last year of the project year 10. In addition the firms common stock has a bit of 1.2. The rest free rate is 2.5% in the market risk premium is 10%. The before tax cost of debt is 5% and the tax rate is 27%. Their capital structure consists of 65% debt and 35% common equity number one what is the yearly cash flow on the project? To what is the firms WACC? Three should the firm except this project but if it requires an initial investment of $15 million why or why not explain explain using the appropriate equation show all your four what is the MIRR of the project? Five supposed at the market rest premium decreases to 6%. Show how the expansion decision is affected by this change of any show all your work explain