#29 Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project: unanswer not submitte The project will last 5.00 years with an annual cash flow of $40.00 million. The project will require an initial investment of $140.00 million Attempts Remaining: Infin The firm must determine the cost of capital to evaluate the project. (The project is within the firm's normal activities) Ramblin Wreck, Inc. Financial Data: STOCK DATA: BOND DATA: Current Price Per Share $30.00 Current Price Per Bond $930.00 # of Shares 2.00 million # of bonds 20,000.00 Book Value $50 million Annual Coupon Rate 8.00% Face Value Per Bond $1,000 Maturity 10 years The risk free rate in the economy is currently 2.00%, while investors have a market risk premium of 8.00%. Ramblin Wreck, Inc. has a beta of 1.43. The tax rate is 38.00% What is the NPV of the project? (express in millions, so 1000000 would be 1.00) Submit Answer format: Currency: Round to: 2 decimal places