(1.5 points) You work for a large firm with many divisions, including restaurants and online media branches. The after- tax WACC of the firm is 9%. You are considering project that entails starting a tech division that will thrive in the new stay- at-home economy. Your research suggests that the project's returns will correlate with the market returns with a coefficient of 0.5. The standard deviation of project returns is 22% and the standard deviation of market returns is 11%. What is the appropriate discount rate to use on this project if your firms tax rate is 25%, the risk free rate is 5%, and the market risk premium is 7%