"An all-equity frm that has a firm-wide WACC of 13.00% is considering the projects shown below: (Project A: 12.10% Expected Return, 1.77 Beta); (Project B: 12.20% Expected Return, 1.97 Beta); (Project C: 14.30% Expected Return, 2.09 Beta); (Project D: 19.40% Expected Return, 1.82 Beta); If the T-bill rate is 3.40%, and the market risk premium is 9.20%, what should the project-specific WACC be for PROJECT B?"

		21.52%
		22.31%
		19.68%
		22.63%
		20.14%
		14.83%
		13.00%