A real estate project has a beta with respect to the S&P 500 of 1.44. The expected return on the market is 7.0%. The relevant risk free rate is 0.80%. What is the minimum return a diversified investor would require to invest in this project? 9.7% 10.9% 12.0% Question 4 1 pts A firm has positive net debt and operates in a single industry. It is considering a project similar to those the firm normally undertakes. To properly apply the IRR rule, the firm should compare the project's IRR to the required return on its equity (from the CAPM equation). True False