Titan Mining Corporation has 7.3 million shares of common stock outstanding, and 120,000 bonds with 6.5% coupon rate (semiannually paid), par value $1,000 each. The common stock currently sells for $46 per share and has a beta of 0.95, and the bonds have 15 years to maturity and sell for $1,070. The market risk premium is 7%, T-bills are yielding 3.6%, and the companys tax rate is 35%. If the company is evaluating a new investment project that has the same risk as the firms typical project, what rate should the firm use to discount the projects cash flows? (Please express the values as percentages and keep two digits after the decimal point e.g, 1.23%)