$13.)$ The current total market value of RRY Co$.$ is $$10$ million. The turn plans to raise and invest $$5$ million in a new project. Compared to the risks of the firms existing assets, the project is about average$-$risk. The firms present market values capital structure, shown below, is considered optimal. There is no short$-$term debt and preferred stock. The firm intends to finance the new project in a way that maintains the capital structure. Debt: $$4$ million Equity: $$6$ million The firm will issue new bonds and common stocks to finance the project. The bonds will have a coupon rate of $12\%$ and are expected to he issued at par. The current stock price per share is $$25.$ Adding the stock is priced in equilibrium. The firm just paid a dividend of $$2$ per share got the quarter. The dividend is expected to grow at $8\%$ per year. The floatation cost for new stock issuance is $5\%.$ The corporate tax rate is $40\%.$ What is the WACC for the project? A$.)\mathrm{.}2345$ B$.)\mathrm{.}3281$ C$.)\mathrm{.}2612$ D$.)\mathrm{.}2951$