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ABC is considering a new project. ABC's beta is 1.2 and the project's beta is 1.5. The market risk premium is 0.1 and the T-bill

ABC is considering a new project. ABC's beta is 1.2 and the project's beta is 1.5. The market risk premium is 0.1 and the T-bill rate is 0.04. What's the appropriate discount rate for this project?

[round to 2 decimal places]

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