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12) Silo Mills is an all-equity financed firm that has a beta of 1.18 and a cost of equity of 12.2 percent. The risk-free rate of return is 2.9 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) 11.33 percent B) 11.02 percent C) 10.62 percent D) 11.84 percent E) 12.09 percent