Daisy, the CEO at Oopsie Daisy Shipping Co is considering spending $52,000 to install a new package tracking system that should provide a perpetually growing stream of cash for the company, with the first year being $4,500 and future years growing at 3%. If the opportunity cost of capital is 9%, what is the highest the required discount rate could be (rounded to two places) for this to still be a viable project?

Multiple Choice

12.34%

10.12%

None of the above

8.67%

11.65%