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Computers is considering a new project that costs of I = $5 million

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Computers is considering a new project that costs of I = $5 million. The project will generate after-tax (year-end) cash flows of $1.5 million for ten years. The firm has a debt-to-equity ratio of D/E = 3/7. The equity beta for Acme is ß = 1.5. The expected return on the market is E[RM] = 10 percent and the risk-free rate is RF = 4 percent. The before-tax cost of debt is kd = 11 percent. The corporate tax rate is T = 40 percent. Calculate the weighted average cost of capital (WACC) and the NPV of this project 10.257% and $4,115,965.56 11.08% and $3,804,292.71 12.4% and $3,338,344.23 11.08% and $8,804,292.71