A project has a forecasted cash flow of $125 in year 1 and $136 in year 2. The interest rate is 8%, the estimated risk premium on the market is 11.25%, and the project has a beta of 0.65. If you use a constant risk-adjusted discount rate, what is

a.	The PV of the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Present value _______________

$

b.	The certainty-equivalent cash flow in year 1 and year 2? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	Cash Flow
Year 1 ________	$
Year 2 ________	$

c.	The ratio of the certainty-equivalent cash flows to the expected cash flows in years 1 and 2? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	Ratio
Year 1 _________
Year 2 _________