Assume the CAPM holds well. A single index model of Stock S shows the following estimated results. If you have to determine the net present value (NPV) of a project that has a similar risk as Stock S, then what is the appropriate cost of capital (required rate of return) to be used for the calculation of the NPV? Alpha = 5.3% Beta = 1.2% Risk-free rate = 2.5% Forecast of market excess return = 5%|