Lavan Systems is an all$-$equity firm with a beta of $1\mathrm{.}32.$ The firm is considering a new project that entails less risk than its current operations and thus management feels that the firm$$s beta should be lowered by $\mathrm{.}18$ when assigning a discount rate to this project. The market rate of return is $9\mathrm{.}4$ percent and the risk$-$free rate is $2\mathrm{.}8$ percent. What discount rate should be assigned to this project?

a$)10\mathrm{.}32\%$

b$)10\mathrm{.}87\%$

c$)6\mathrm{.}49\%$

d$)11\mathrm{.}21\%$

e$)11\mathrm{.}46\%$