D&B Contracting plans to purchase a new backhoe. The one under consideration costs $146,000, and has a useful life of 8 years. After-tax cash flows are expected to be $31,384 in each of the 8 years and nothing thereafter. If the Company's weighted average cost of capital is 6.4%, should they undertake the project? No because the project's IRR is greater than the Company's weighted average cost of capital Yes because the project's IRR is greater than the Company's weighted average cost of capital Yes because the project's IRR is less than the Company's weighted average cost of capital. No because the project's IRR is less than the Company's weighted average cost of capital D Question 13 1 pts According to our class discussion, why did FANNIE MAE changed its requirements for mortgage borrowers? It wanted to decrease interest rates It wanted to increase interest rates It wanted to slow down the economy It wanted to increase home ownership. D Question 14 1 pts NewLine Phone Corp. is very risky, with a beta equal to 2.B and a standard deviation of returns of 32% The risk-free rate of return is 3% and the return on the market is 11%. NewLinePhone's marginal tax rate is 35%. Use the capital asset pricing model to estimate NewLinePhone's cost of retained earnings. 22.1% 25.4% 23.9%