A firm has a debt$-$to$-$equity ratio of $\mathrm{.}45,$ its cost of equity is $13\mathrm{.}3$ percent, and its beta is $1\mathrm{.}49.$ The pretax cost of debt is $7\mathrm{.}2$ percent, the tax rate is $35$ percent, and the risk$-$free rate is $3\mathrm{.}1$ percent. The firm's target debt$-$to$-$equity ratio is $\mathrm{.}4.$ What discount rate should be assigned to a new project the firm is considering if the project is equally as risky as the overall firm and will be financed solely with debt?