Greene Co$.$ is planning a project for which it will issue new bonds. Bonds in the same

risk class and with the same covenants, issued by another firm are currently priced at

$$954\mathrm{.}90,$ have $25$ years remaining to maturity, and pay coupons of $$100$ yearly,

made in semi$-$annual payments. If Greene's marginal tax rate is $34\mathrm{.}50\%,$ it's cost of

equity is $12\mathrm{.}00\%$ with an equity value of $$23,000,000\mathrm{.}00,$ and they have $15,000$

bonds with a par value of $$1,000\mathrm{.}00$ what is the WACC of this project?

$21\mathrm{.}03\%$

$10\mathrm{.}04\%$

$10\mathrm{.}51\%$

$12\mathrm{.}70\%$