6. Sunlite Soap Limited is an all-equity firm. It has a beta of 1.21. The current risk-free rate is 6.5 per cent and the market premium is 9.0 per cent. Sunlite is considering a project with similar risk, but the project will be financed 30 per cent by debt and 70 per cent by equity. Debt is risk-free. What is the expected rate of return on equity that the project should earn to be acceptable by the firm?