Based on the following information, determine the cost of capital for a project.
Comparable firm rate of return:	11.8620%
Comparable firm debt-to-equity ratio:	0.60		Comparable firm beta:
Comparable firm tax rate:	40.50%		Unlevered beta:
			Project beta:
Risk-free rate:	3.20%		Project discount rate:
Market return premium:	7.10%
Project debt ratio:	50.00%		Project NPV:
Project tax rate:	35.50%		Project PI:
Project cost:	$ 10,000,000.00
Annual cash flow strating next year:	$ 1,104,891.19
Number of annual cash flows:	15