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(CAPM) A firm is considering a project with an estimated beta of 1.5. If the market risk premium is 6% and the risk-free rate is

(CAPM)

A firm is considering a project with an estimated beta of 1.5. If the market risk premium is 6% and the risk-free rate is 2%, the required return on the project is?

(My answer was incorrect according to the online test bank but I knew I calculated it right. So, please, if you could show me a step by step so that I can identify where I went wrong. Many thanks.)

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