24. MTM Ltd. earns 10.25 percent on its current investments after adjusting for inflation. Inflation is expected to average 2.8 percent annually over the next 5 years. What discount rate should the firm assign to a project assuming the project has a life of 5 years and the same level of risk as the firm's current operations? (a) (b) (c) (d) 12.96% 13.05% 13.34% 13.14%