A new project is being considered by a P company. The debt-equity ratio of 75. The company's cost of equity is 15.0 percent, and the after-tax cost of debt is 4.0 percent. The project is considered riskier by the company that the company as a whole and an adjustment factor should be use of +1.2 percent. Calculate the project cost of capital if the tax rate is 32 percent?

A) 10.08 percent B) 11.49 percent

C) 11.02 percent

D) 16.14 percent