Verizon LTE 11:27 AM 77% STUFF. Wind Power Systems has 950,000 shares of common stock outstanding, 70,000 shares of preferred stock outstanding, and 800,000 bonds outstanding. Its common stock is currently trading at $100 per share. Its preferred stock pays $6 dividend per share and currently sells for $80 per share. Its outstanding bond has 15 years until maturity, pays coupon semiannually, and has a coupon rate of 7.5%. The bond has a par value of $1,000 and currently sells for 98% of the par. Wind Power Systems has a beta of 0.92. The market risk premium is 65%, T-bills are yielding 5%, and the firm's tax rate is 35%. You are evaluating a new project for the company. The new project is riskier than the firm's current operations, and you decide to add an additional 296 to the company's overall cost of capital when evaluating this project. The project has an initial cost of $2,300,000 and will generate the following cash flows during the next five years Year 1: $800,000 Year 2: $500,000 Year 3: $400,000 Year 4: $700,000 Year 5: $550,000 Please estimate an appropriate discount rate for the project, estimate the project's NPV, IRR, PI, and MIRR, and make a capital budgeting decision based on these Send Message @STU Verizon LTE 11:28 AM 76% 7@STUFF 97 outstanding, and 800,000 bonds outstanding. Its common stock is currently trading at $100 per share. Its preferred stock pays $6 dividend per share and currently sells for $80 per share. Its outstanding bond has 15 years until maturity, pays coupon semiannually, and has a coupon rate of 7.5%. The bond has a par value of $1,000 and currently sells for 98% of the par. Wind Power Systems has a beta of 0.92. The market risk premium is 6.5%, T-bills are yielding 5%, and the firm's tax rate is 35%. You are evaluating a new project for the company. The new project is riskier than the firm's current operations, and you decide to add an additional 2% to the company's overall cost of capital when evaluating this project. The project has an initial cost of $2,300,000 and will generate the following cash flows during the next five years. Year 1: $800,000 Year 2: $500,000 Year 3: $400,000 Year 4: $700,000 Year 5: $550,000 Please estimate an appropriate discount rate for the project, estimate the project's NPV, IRR, Pl, and MIRR, and make a capital budgeting decision based on these criteria Send Message @STU