Bolton Company has the following investment projects by weights as presented below. The risk-free rate is 4%, and the market risk premium is 10%. (10 points) 3/10 in IT Software with = 2.0 5/10 in Computer Hard Drive Manufacturer with = 1.3 2/10 in Electric Utility with = 0.6 a. Calculate the beta of the Bolton Company. (3 points) b. Calculate the cost of capital of the Bolton Company using CAPM. (3 points) c. The Company is considering investing in a new IT Software project with and IRR of 21%. Should BOLTON Company accept or reject the project? Why? (4 points)