(10 points) Suppose you are the money manager of a $4.82 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Beta Investment $460,000 500,000 B 1.5 -0.5 1,260,000 2,600,000 1.25 0.75 If the market's required rate of return (RM) is 8%, and the risk-free rate (Rt) is 4%, what is the fund's required rat of return? Question 9 Thorley Inc. is considering a project that has the following cash flow data What is the project's IRR? Note that a project's projected IRR can be less than the discount rate or negative, in both cases it will be rejected. 3 pts Year 0 1 2 Cash flows 3 4 -$1,100 5 $325 $325 $325 $325 $325 11.24% 14.59% 13.43% 16.20%