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Jackson Corp. has a debt to equity ratio of $2/3.$ Their bonds trade at par and pay a $5\mathrm{.}30\%$ annual coupon and the stock has a beta of $1\mathrm{.}98.$ Currently T$-$bills return $1\mathrm{.}5\%$ annually and the market risk premium is $8\mathrm{.}80\%.$ The company wants to invest in a project that has the same of level of risk as the company$$s existing business. What is the minimum rate of return the company should expect to earn on the project? Assume that the company has a $40\%$ tax rate.

a$.$

$14\mathrm{.}41\%$

b$.$

$13\mathrm{.}73\%$

c$.$

$11\mathrm{.}73\%$

d$.$

$12\mathrm{.}63\%$

e$.$

$13\mathrm{.}47\%$