please answer and explain

Problem 10: Assuming that the long-term USD risk-free rate is 3%, the global market risk premium is 5%. Firm Z is valuing a project in Thailand and finds that the operating beta of its Thai-based proxy firm is 2.43. The political exposure of the Thai project is assumed to be average and that the political risk premium for Thailand is 6%. What is Firm Z's hurdle rate for the Thai project based on the Damodaran Model