ABC Corp. has a market value of debt to equity ratio of 1.5 (i.e., market value of debt to market value of equity ratio =1.5). Its book value of debt to equity ratio (book value of debt to book value of equity) is 0.5 . The firm's bonds have a low creoit rating with an annuat coupon rate of 96. The current yiald to maturity of its bonds is 11%. The company has an equity beta of 1.3 and a dobt beta of 0.4 . Assume that the risk-ftee intereat rate is 1% and expected market risk premium is 4%. ABC Corp, faces a tax rate of 21%. Suppose its management is coneidering a project that has the same risk and same financing mix as the firm. The cost of capital for the project is nearost two cocimal places. E.g. if your answer is 10.138%, then inpor 10.14