IntegrativeRisk, return, and CAPMWolff Enterprises must consider one investment project using the capital asset pricing model (CAPM). Relevant information is presented in the following table.

Item	Rate of return		Beta, b
Risk-free asset	9%		0.00
Market portfolio	15%		1.00
Project			1.13

a.Calculate the required rate of return for the project, given its level of nondiversifiable risk.

b.Calculate the risk premium for the project, given its level of nondiverisifiable risk.

a.The required rate of return for the project is _____%. (Round to two decimal places.)

b.The risk premium for the project is ______%. (Round to two decimal places.)