Cromkwells interiors is considering a project that is equally as risky as the firms current operations. The firm has a cost of equity of 15% and a pretax cost of debt of 8.4%. the debt equity ratio is .65 and tax rate is 30%. what is the cost of capital for this project?

a. 11.68%

b. 11.08%

c. 12.01%

d. 10.29%

e. 11.41%