Berry is considering about a project which requires initial investment of $10 million. The project lasts for 5 years with an annual cash flow of $3.2 million. The project can be financed by $5 million of 5-year 10%(pre-tax, risk-free) bank loan and $5million by a rights issue. The issue costs are 5% of the amount raised. If it were all equity financed, the cost of capital would be 20%. Tax is at 30%. Which one is the K(i、e) of Berry?