Assume that the risk free rate of return is 5.5 percent, which includes an expected inflation premium of 2.5 Percent and an expected return on the market is 12.8 percent. What is the required rate of return for Envoy's common stock which has a beta of 1.35? (r = rf + Bj) (km - rf) 7.00% 16.24% 15.4% 12.8% The risk premium is in Problem 15 above is: 7.3% 9.9% 5.5% 12.8% An investment project is expected to generate earnings before taxes (EBT) of 570,000 pet. Annual depreciation from the project is dollar 30,000 and the firm's tax rate is 40 percent. Determine the project's net annual after tax cash flows