A project has a forecasted cash flow of $$118$ in year $1$ and $$129$ in year $2.$ The interest rate is $5\%,$ the estimated risk premium on the market is $12\%,$ and the project has a beta of $0\mathrm{.}58.$ If you use a constant risk$-$adjusted discount rate, answer the following:

a$.$ What is the PV of the project?

b$.$ What is the certainty$-$equivalent cash flow in year $1$ and year $2?$

c$.$ What is the ratio of the certainty$-$equivalent cash flows to the expected cash?