Buildwell Conservation and Construction, Inc. (BCCI), has a beta of 0.90. the Treasury bill rate is 4% and the market risk premium (rm-rf) is estimated at 8%. Calculate the rate of return for Buildwell, I. Buildwell is evaluating a project with an IRR of 12%. Should it accept the project? II. If the project will generate cash flow of $100,000 a year for 8 years, what is the most BCCI should be willing to pay to initiate the project? B. Explain the difference between an independent and a mutually exclusive project.