he Treasury bill rate is 4% and the market risk premium is 7%.

Project	Beta	Internal Rate of Return, %
P	0.75	14
Q	0	8
R	3.00	22
S	0.15	9
T	1.30	20

a.	What are the project costs of capital for new ventures with betas of .50 and 1.65? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Beta	Cost of Capital
0.50	%
1.65	%

b.	Which of the following capital investments have positive NPVs? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
	P Q R S T