Question: KT Enterprises is considering undertaking a new project. Based upon analysis of firms with similar projects, KT has determined that an unlevered cost of equity

KT Enterprises is considering undertaking a new project. Based upon analysis of firms with similar projects, KT has determined that an unlevered cost of equity of 11% is suitable for their project. KT's corporate tax rate is 21%, its borrowing rate is 6%, and KT does not believe that its borrowing rate will change if the new project is accepted.
If KT expects to maintain a debt to equity ratio for this project of 0.7 then KT's project-based WACC, rwacc, for this project is closest to (2 decimal places): the answer is 10.48 I just do not know how to get it

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