Question: 8 8 8 Cinco Inc. has a new project available that requires an initial investment of $ 7 , 0 0 0 . The project

888Cinco Inc. has a new project available that requires an initial investment of $7,000. The project will provide unlevered cash flows (UCF) of $4,000 a year forever. The company will finance the project with a debt-equity ratio of 0.50. The company's bonds have a YTM of 9%. The companies with operations comparable to this project have unlevered betas of 1.22,0.77, and 1.21. The risk-free rate is 2.0% and the expected market return is 16.0%. The tax rate is 30%.
What is the WACC for the project?
Round to the nearest 0.00%. Do not enter the % symbol; For example, if your result is 0.1432 then enter 14.32

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