Red's Radical Rhinitis Solutions (RRRS), an pharmaceutical manufacturer wants to know what rate it should use to discount the cash flowsgenerated by its assets.You have calculated RRRS' beta of assets as 2.8. Youlooked at long term historical data for the stock market and found the historicalreturn on the market was 13.1%. Over the same time period, the return on long term government bonds was 4.3%. Long term bonds are currentlyreturning3.9%. What rate should RRRSuse to discount the cash flows of theassets? (please express your answer as a percentage with at least one decimal place excluding the percentage so if your answer is 10.1%, please write 10.1)