The Alto Horns Corp. is planning on introducing a new line of saxophones. They expect sales to be $$400,000$ with total fixed and variable costs representing $70\%$ of sales. The discounted rate of the unlevered equity is $17\%,$ but the firm plans to raise $$144,385$ of the initial $$450,000$ investment as $9\%$ perpetual debt. The corporate tax rate is $40\%$ and the target debt to asset $($or value$)$ ratio is $0\mathrm{.}3.$

For the next question suppose the WACC approach is used to evaluate the project. What is the RWACC of the project?

a$)12\mathrm{.}48\%$ b$)13\mathrm{.}33\%$ c$)14\mathrm{.}96\%$ d$)15\mathrm{.}23\%$ e$)18\mathrm{.}34\%$