Silo Mills is an all-equity financed firm that has a beta of 1.14 and a cost of equity of 12.8 percent. The risk-free rate of return is 2.8 percent. The firm is currently considering a project that has a beta of 1.03 and a project life of six years. What discount rate should be assigned to this project?

A. 13.33 percent

B. 11.84 percent

C. 13.62 percent

D. 13.84 percent

E. 12.09 percent