A project under consideration has an internal rate of return of $10\%$ and a beta of $0\mathrm{.}4.$ The risk$-$free rate is $5\%,$ and the expected rate of return on the market portfolio is $10\%.$

What is the required rate of return on the project?

What is the required rate of return on the project if its beta is $1\mathrm{.}40?$