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(i) Can the market portfolio proxy be inefficient? Why? Why not? (100-200 words) (ii) Tesla was supposed to launch its SpaceX in 2019 with a

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(i) Can the market portfolio proxy be inefficient? Why? Why not? (100-200 words) (ii) Tesla was supposed to launch its SpaceX in 2019 with a total cost of $ 5 billion. The project, however, was postponed to 2020, and the cost jumped up by 15%. Assuming that the borrowing cost was 3.5% in 2019, how much did the postponement cost Tesla. You need to calculate the cost of postponing the project. (i) Can the market portfolio proxy be inefficient? Why? Why not? (100-200 words) (ii) Tesla was supposed to launch its SpaceX in 2019 with a total cost of $ 5 billion. The project, however, was postponed to 2020, and the cost jumped up by 15%. Assuming that the borrowing cost was 3.5% in 2019, how much did the postponement cost Tesla. You need to calculate the cost of postponing the project

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