You are a division manager at a small paper goods firm, and you have an idea to launch a new product. Your company is funded with all equity and has a beta of 1.7. The current T-bill rate is 0.3%, and you will use a market risk premium of 5.2%. You are personally worried about the career fallout if the project fails, so you apply a risk adjustment of +4% to the CAPM discount rate. What discount rate do you use? Answer in percentage terms i.e. 0.101 = 10.1% ==> enter 10.1