ZigZag Corporation is considering a RM68 million project in its Hotels Construction in Dubai. Mr Rahmad, the companys CFO has evaluated the project and determined that the projects unlevered cash flows will be RM4.4 million per year in perpetuity. Mr Rahmad devised two options for raising the initial investment: 1) issuing 10-years bonds or 2) issuing common stock. The companys target pre-tax cost of debt is 6.4% and its cost of equity is 10.8%. The companys target debt to value ratio is 80%. The project has the same risk as the companys existing businesses and it will support the same amount of debt. The tax rate is 34%. Should ZigZag Corporation accept the project?