Company Alpha is financed with debt/equity of 1/4 and intends to undertake a project in an unrelated industry. They have identified Horizon Co. as a company in the new industry with debt/equity 1/3. Alpha Co. has a Beta of 1.05 whereas Horizon Co. has a Beta of 1.24. The risk-free rate is 6% and the average return on the market is 14%. The tax rate is 30%. Which of the following would be the project-specific discount rate for Alpha Co. when entering the new industry? (Show the working) A. 16.23% B. 15.49% C. 17.26% D. 18.28%