A project has the following forecasted cash flows: Cash Flows ($ thousands) C0 C1 C2 C3 105 +45 +65 +55 The estimated beta is 1.51. The market return is 17%, and the risk-free rate is 4%. a. Estimate the cost of capital for the project and the projects PV. b. What are the certainty equivalent cash flows in each year? c. What is the ratio of the certainty-equivalent cash flow to the expected cash flow in each year