A project has the following forecasted cash flows: Cash Flows ($ thousands) Ce -160 C1 C2 C3 +100 +120 +110 The estimated project beta is 1.52. The market return rm is 16%, and the risk-free rate rf is 6%. a. Estimate the opportunity cost of capital and the project's PV (using the same rate to discount each cash flow). (Do not round intermediate calculations. Enter your cost of capital answer as a percent and enter your PV answer in thousands. Round your answers to 2 decimal places.) Answer is complete and correct. Cost of capital 21.20 %