-3 A project has an internal rate of return of 1176 percent. The company beta is 122, and the pure play beta is 1M. The market rate of return is 11.8 percent, the tax rate Is 35 percent, and the risk free rate is 3.3 percent. Should this project be accepted according to the CAPM if the firm is all equity financed? Wly or why not? Multiple Choice No, the CAPM rate is 13.36 percent Yes, the CAPM rate is 12.99 percent No, the CAPM rate is 11.96 percent No, the CAPM rate is 12.99 percent Yes, the CAPM rate is 13.36 percent