Mondo Cult is considering acquiring pulpless.com. Pulpless is currently financed with 0.48% debt at an interest rate of 0.10%. If the acquisition takes place the debt level will continue at the 0.48% target level and the interest rate will remain the same. Pulpless's pre-merger beta is 1.7, and its tax rate is 0.36%. The risk-free rate is 0.03% and the market risk premium is 0.04%. What unleveraged discount rate will be used to value pulpless.com?