You were hired to evaluate SnapX's expansion project which is expected to produce $$2\mathrm{.}5$ millioj of revenue per yesr for $9$ years. Cash Expenses will be $$1$million, and depreciation expenses will be $$650,000$ per year. The project also requires a $($one$-$time$)$ expenditure of $$100,000$ for working capital to start in year $0.$ and it will be recovered in the last year of the project year nine in addition, the firms common stock has a beta of $1\mathrm{.}3.$ The risk free rate is $2\mathrm{.}5\%$ in the market risk premium is $9\%$ before tax cost of debt is $5\%$ in the tax rate is $25\%$ the capital structure consists of $25\%$ debt and $35\%$ common equity.

$1.$ what is the yearly free cash flow on the project show all your work

$2.$ what is the firms WACC show all your work

$3.$ should the firm accept this project if it requires an initial investment of $13$ million why or why not?

$4.$ What is the MIRR

$5.$ suppose that the market risk premium decreases to $7\%$ show how the expansion decision is affected by this change if any.