Question 19 14 points Save Any (Lecture 11 - Capital Budgeting and Valuation with Leverage) Your company currently has a stock price of $18 per share. There are 100,000 shares outstanding. The stock has a beta of 1.4. The risk-free rate is 1%. The expected market return is a 7%. The company also has 20,000 bonds outstanding. The current price of the bonds is $1,100. Its debt beta is 0.3. Your company faces a tax rate of 21% and has a zero cash balance. Suppose the company is considering a project with the same risk and the mix of debt and equity as the company. The project's cost of capital is %. Instruction: Type ONLY your numerical answer in the unit of percentage. % sign is already there. Round to the nearest two decimal places. E.g., if your cost of capital is 10.136%, then input 10.14. Don't input % sign (e.g., don't input 10.14%) 8.15