Please read the instructions below carefully. Failure to follow the instructions maty affect your grade of this homework. Homework 4 is due at the beginning of the class on Tuesday Novemher 29, 2022, Any work submitted after 10 minutes of the class starting time will not be accepted. You can work and submit the homework as a group but no more than 3. Please use at least 3 decimals to calculate all the steps and make sure you answer all the questions. Note: You must show your work to receive full credit (10 points). For the TVM question, you need to show me your calculator input (e.g., PV=xx,N=yy, etc.). Bobcat Inc. provides you with the following information about firm's cost of capital. Find WACC - Tax rate =21%. - 8-year, 5% coupon, semiannual payment non-callable bonds sell for $998. New bonds will be privately placed with no flotation cost with $1,000 par value. - 9% annual dividend, $100 par value, perpetual preferred stock sells for $99. - The firm plans to issue new common stock with the flotation cost of 5%. Common stock currently sells for $120. D0=$8.2 and g=4%. - Target capital structure: 35% debt, 15% preferred, 50% common equity. Assume that Bobcat Inc. is considering a project S with the following cash flows. Use W ACC from the first part. Bobcat Inc. only accepts a project with less than 2 years of payback. Find NPV, IRR, MIRR, Payback period Should Bobcat Inc. invest in the project S based on the capital budgeting criteria for NPV, IRR, MIRR, and Payback period? Also, explain the decision criteria for accept or reject. Make sure to discuss the decision criteria for all methods to receive full credit