Anb is considering an investment in a new project with an unlevered cost of capital of 11%. Anb's marginal corporate tax rate is 35% and its debt cost of capital is 6%. The project has free cash flows of $25 million per year which are expected to decline by 3% per year. If Anb adjusts its debt continuously to maintain a constant debt-equity ratio of 50%, then the appropriate WACC for this new project is closest to: a. O b. 8.6% O c. 7.5% O d. 10.8% e. 10.3% Anb is considering an investment in a new project with an unlevered cost of capital of 11%. Anb's marginal corporate tax rate is 35% and its debt cost of capital is 6%. The project has free cash flows of $25 million per year which are expected to decline by 3% per year. If Anb adjusts its debt continuously to maintain a constant debt-equity ratio of 50%, then the appropriate WACC for this new project is closest to: a. O b. 8.6% O c. 7.5% O d. 10.8% e. 10.3%