Deep Mines has $14$ million shares of common stock outstanding with a beta of $1\mathrm{.}15$ and a market price of $$40$ a share. There are $900,000$ shares of $9$ percent preferred stock $($par value of $$100)$ outstanding valued at $$60$ a share. The $8$ percent semiannual bonds have a face value of $$1,000$ and are selling at $95$ percent of par. There are $220,000$ bonds outstanding that mature in $17$ years. The market risk premium is $10$ percent, T$-$bills are yielding $1\mathrm{.}5$ percent, and the firm's tax rate is $21$ percent. What discount rate should the firm apply to a new project's cash flows if the project has the same risk as the firm's typical project?

Group of answer choices

$15\mathrm{.}31\%$

$14\mathrm{.}39\%$

$15\mathrm{.}22\%$

$13\mathrm{.}95\%$

$14\mathrm{.}01\%$