As a banker, you try to evaluate the credit risk of a $10 million loan requested by National Bull Riders (NBR) which has a BB credit rating. The duration of the loan is 4 years. The expected maximum increase in interest rate for BB-rated bonds is estimated to be 5.5%, and the current average interest rate for BB-rated bonds is 12%. Your bank charges 0.4% for the fees and the spread over the cost of funds to the bank is 1%. What is the estimated risk-adjusted return on capital of the NBR loan? A. 8.88% B. 9.24% C. 10.60% D. 7.13%