A project under consideration has an internal rate of return of 14% and a beta of 0.7. The risk-free rate is 4%, and the expected rate of return on the market portfolio is 14%.

a-1. Calculate the required return.

Required return __________%

a-2. Should the project be accepted? Yes or No?

b-1. Calculate the required return if its beta is 1.7.

Required return ____________%

b-2. Should the project be accepted? Yes or No?