U FINA Corp. is considering a new project, which is to enter a new industry of kitchen appliances. FINA Corp's beta without the new project is 1.2. The market risk premium is 7%. The risk-free rate is 3%. The total shares outstanding of FINA is 20 million The stock price now is $5 per share. The tax rate is 35%. The following three firms are in the new industry that FINA wants to enter. Firm A is a competitor of FINA in auto parts. Firm A also has a division in kitchen appliances. Firm Bis producing kitchen appliances and all kinds of furniture. Firm Cis in the kitchen appliances business only. The Beta of firms A, B, and Care 0.9, 11, 1.5, respectively. Question 17 4 pts What is the current required rate of return on the equity of FINA Corp.? 13.2% 7.9% 10.1% 11.4%