You wish to estimate the required rate of return on your new mushroom farming business. You have borrowed $2 million at the cost of 5%, and have used $1million of your own funds. To estimate the cost of equity, you will use information available on the proxy company, MushroomsRus (MRU). MRU has a beta of 1 and has a debt-to-equity ratio of 2. The expected return on the Market is 10%, Treasury bonds are yielding 3%, the tax rate is 21%. Establish your projects required rate of return from the above data.