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deep mines had 4 3 , 8 0 0 shares of common stock outstanding with a beta of 1 . 5 4 and a market

deep mines had 43,800 shares of common stock outstanding with a beta of 1.54 and a market price of $51 a share. there are 10,000 shares of 7 percent preferred stock outstanding with a stated value of $100 per share and a market value og $83 a share. the 8 percent semiannuak bonfd have a face value of 1,000 and are selling at 96 percent of par. there are 5,000 bonds outstanding that mature in 13 years. the market risk premium id 7.5 percent, t-bills are yielding 3.6 percent and the tax rate is 21 percent. what discounf raye shoulf the firm apply to a new project cash flows if
the project has the same risk as the company's typical project?
8.28 percent
8.72 percent
9.59 percent
9.30 percent
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