NEED CORRECT ANSWERS

A project has an initial cost of $60,000, expected net cash inflows of $12,000 per year for 12 years, and a cost of capital of 13%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent. Booher Book Stores has a beta of 1.3. The yield on a 3-month T-bill is 3\% and the yield on a 10-year T-bond is 7\%. The market risk premium is 7.5\%, and the return on an average stock in the market last year was 13%. What is the estimated cost of common equity using the CApM? Round your answer to two decimal places