Undo Clipboard 5 A8 vix vfx A C D Font Alignment H 9 Number Conditional Format as Formatting Table-Styles- Styles Cell Format Cells K M N 0 P Mexinc Inc. is evaluating a new project that has the same risk as that of the firm. 2 Mexinc currently has 8 million shares of common stock outstanding with a stock price of $65 per share with a beta of 1.20 and 200,000 bonds outstanding, with a coupon rate of 6%, par value $1,000 4 each, 20 years to maturity and the bonds make semi-annual interest payments. Bonds are currently s trading at 106 percent of par. The market risk premium is 7 percent and the risk-free rate is 3%. 7 D Corporate tax rate is 24%. What rate should the company use to evaluate this project? Calculate this rate. 9 10 11 12 12 14 15 E