Urgent

Chovita Sports Company is evaluating a project that has lower-than-average risk. When evaluating projects that have different risks than its existing assets, Chovita normally adjusts its average required rate of retum, which is 11 percent, by 4 percent. What required rate of return should Chovita use to compute the net present value (NPV) of the project it is currently evaluating? 10% 15% O 11% 7%