Discussion - Cost of capital for a project Oct 2 - Oct 16 Subscribe Suppose you are running a capital budgeting analysis on a project with an estimated cost of $3 million. The project is considered similar to the existing lines of businesses for the company. Given the cash situation, the company will fund the project completely with a new debt of $3 million. This new debt will be issued at 8% interest for 10 years. The company has an estimated 11\% WACC. When conducting the capital analysis on this project, what should be your discount rate (cost of capital) for the project? Explain your answer briefly