Burger World Inc considers an expansion project. It currently has 10 million outstanding shares trading at $30 per share

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Burger World Inc considers an expansion project. It currently
has 10 million outstanding shares trading at $30 per share. Equity
has an estimated beta of 1.5. The risk-free rate is 2.5%, while the
market risk premium is 5%. It also has 200,000 outstanding bonds
with 20 years to maturity, 8% coupon rate, $1,000 par, currently
trading at par. The corporate tax rate is 25%. The project will
require an investment if $100 million and will produce a net after
tax cash flow of $15 million per year for 20 years. Calculate the
WACC (Weighted Average Cost of Capital), the project NPV and
determine whether Burger World should accept the project?