"Carpe Vinum Co$.$ is considering a project with estimated unlevered cash flows of $$46$M per year and levered equity cash flows of $$36$M per year. The project's unlevered cost of capital is $9\mathrm{.}7\%,$ the cost of equity is $11\mathrm{.}3\%,$ and the wacc is $8\mathrm{.}5\%.$ What is the relevant cost of capital if the FTE method is used?"

$9\mathrm{.}7\%$

$13\mathrm{.}3\%$

$11\mathrm{.}3\%$

$13\mathrm{.}6\%$

$8\mathrm{.}5\%$