question #6 (Round intermediate calculations to at least four decimal places. Round the final answer to 2 decimal places. Negative answers should be indicated by a minus sign.) 6. AC Inc is considering a new project. The new project requires an initial Investment of $24000. This pject is expected to generate a cash inflow of $2300 in the first year and the cash inflows grow at 3% each year afterwards. equired return for this project is estimated to be 11% 1) What is the NPV of the project without considering flotation costs? NPV = $ without considering flotation costs. 2) The company raises all equity from outside financing. The flotation costs of the new common stock would be 11% of the amount raised. The flotation costs of the new bonds would be 5% of the proceeds. The company has a target debt-equity ratio of 1.6. What is the weighted average flotation cost for the project? The weighted average flotation cost =D % (Round intermediate calculations to at least four decimal places. E.g. 0.0001%. Round the final answer to 2 decimal places. Enter the answer in percentage rather thah decimal. For example, enter 5.01% instead of 0.0501) What is the NPV of the new project, with consideration of flotation cost? NPV - $