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18. An all-equity firm has a beta of 0.98 . The firm is evaluating a project that will increase the output of the firm's existing

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18. An all-equity firm has a beta of 0.98 . The firm is evaluating a project that will increase the output of the firm's existing product. The market risk premium is 7.3% and the risk-free rate is 3.4%. What discount rate should be assigned to this expansion project? a. 8.39% b. 7.22% c. 7.15% D. 10.55% e. 11.37%

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