A company is considering a new investment project. The company is going to finance the project with debt and equity. The company's ratio of debt to equity (D/E) is 1.5 to 1. The cost of equity is 16%, the pretax cost of debt is 7%, and the tax rate is 21%. Assuming average risk, what is the appropriate discount rate (WACC) for the project? (Hint: for ease of calculation, you can assign dollar values to debt and equity so that the D/E ratio = 1.5) 9.36% 9.54% 9.72% 9.96% 10.18%