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(Chapters 11 and 13) Project L has a beta of 0.79 and an IRR of 10.07 percent. Project Mhas a 1.23 beta and an IRR

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(Chapters 11 and 13) Project L has a beta of 0.79 and an IRR of 10.07 percent. Project Mhas a 1.23 beta and an IRR of 13.75 percent. Which one of these projects will you accept and which will you reject if the risk-free rate of return is 4.6 percent and the market risk premium is 7.2 percent?(round answer to 2 digit, for example 10.92 percent. Think about SML) Don't know Accept Project Land Project M. Reject Project Land Project M. Accept Project Land reject Project M Reject Project Land accept Project M

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