Please keep 2 decimal points for your answers, except for rates. For rates, please keep 4 decimal points (e.g., 0.1234).

An all-equity-financed firm, Firm X, is considering investing in Project Z, which has an IRR of 10.9% and a beta of 0.9. Firm X has a beta of 1.1. The risk-free rate is 3% and the market risk premium is 8%. What discount rate (WACC) you should use for deciding whether to take Project Z or not? Please use 4 decimal points (e.g., 0.1234)