On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.41. Assume that the rate of return available on risk-free investments is 5% and that the expected rate of return on the market portfolio is 13%.

a.What is the project IRR?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

What is the cost of capital for the project?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)