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In: AccountingYou have the following information about Burgundy Basins, a sinkmanufacturer.Equity shares outstanding20million...You have the following information about Burgundy Basins, a sinkmanufacturer.Equity shares outstanding20millionStock price per share$30Yield to maturity on debt7.5%Book value of interest-bearing debt$320millionCoupon interest rate on debt3.5%Market value of debt$200millionBook value of equity$320millionCost of equity capital10.0%Tax rate35%Burgundy is contemplating what for the company is anaverage-risk investment costing $20 million and promising an annualATCF of $4.0 million in perpetuity.a. What is the internal rate of return on the investment?(Round your answer to 2 decimal places.)b. What is Burgundy's weighted-average cost of capital?(Round your answer to 2 decimal places.)