22A. A uni-divisional all-equity firm has assets of $3,200 million) and equity beta of 1.4. Rar=20% and Rep.07. Management adds a new division that increases overall beta by 40%. The total assets added by the new project will be $8,800 million). Expected returns from the new project are 39.5%. What is the beta of the new project? (a) 2.65 (b) 2.78 (c) 2.50 (d) 2.17