b. The new RDS project is somewhat riskier than a typical project for DE1, primarily because the plant is being located overseas. Management has told you to use an adjustment factor of 1 percent to account for this increased riskiness. Calculate the appropriate discount rate to use when evaluating DEl's project. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal pleces (e.g., 32.16).)