10. A project will be financed with 30% debt at a rate of 9% and the rest with a share issue. The share's starting price will be $ 20 and it is expected to pay a dividend of $ 3 the following year and that this dividend will grow at 4% per year. If the tax rate is 40%, what is the capital cost of the project?

to. 9.32%

b. 9.60%

c. 16.00%

d. 14.92%