3. The Market Outlet is an all-equity financed firm with a beta of 1.38 and a cost of equity of 14.945 percent. The risk-free rate of return is 4.25 percent. What discount rate should the firm assign to a new project that has a beta of 1.25? A. 13.94 percent B. 14.14 percent C. 13.54 percent D. 14.36 percent 4. Jiminy's Cricket Farm issued a 30-year, 8 percent, semiannual bond six years ago. The bond currently sells for 114 percent of its face value. What's the aftertax cost of debt if the company's tax rate is 31 percent? A. 4.75 percent B. 4.82 percent C. 4.63 percent D. 4.70 percent