(a) In an effort to embrace environmentally conscious investments, Electric Rail Inc. is planning to procure 10 Electric Trains costing a million dollar each. The trains are expected to run from January 2022. The firms investors demand at least a yearly return of 10% if the project goes through. Is the project worth taking if the expected stream of income over the next 3 years is follows? 2022USD 4 million 2023USD 5 million 2024USD 6 million

(b) The expected return of Archer Pharmaceuticals is 3.85%, and standard deviation is 15%. This vaccine manufacturers stock moves on average 90% in the direction of the stock market. Meanwhile, CanVax Chemicals has expected return of 5.08%, standard deviation of 25%, and beta of 1.25. Both stocks are traded in the same stock exchange. Find the expected return of the market. What is the risk-free rate of return? What is the market return?