Gnomes R Us is considering a new project. The company has a debt$-$equity ratio of $\mathrm{.}82.$ The company$$s cost of equity is $14\mathrm{.}7$ percent, and the aftertax cost of debt is $8$ percent. The firm feels that the project is riskier than the company as a whole and that it should use an adjustment factor of $+2$ percent.

What is the company$$s WACC? What discount rate should the firm use for the project?