Seal Beach HMO is evaluating a new project. It has a coefficient of variation $($CV$)$ of $5,$ while the HMO's average project has a CV of $2-3.$ The business's corporate cost of capital is $12$ percent, and the typical adjustment for project risk is $3$ percentage points. What is the appropriate project cost of capital?

Group of answer choices

$7$ percent

$9$ percent

$15$ percent

$17$ percent

$19$ percent