Afirm is planning on issuing bonds to fund a new project. The default rate for bonds with the same debt rating as the firm's bonds is 13.2%. In the event of a default, the expected loss rate for holders of the firm's bond is 70%. The firm believes that investors will require an expected annual return of 4.8% to invest in the bonds. Determine the yield rate that the company should set for the bonds in order to meet this expected annual return. 0 11.51% 0 13.20% 0 14.04% O 10.67% 0 12.36%