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Pixi, Inc is adding a new line of cosmetics to the company portfolio and has the following information: the expected market return is 12%, the

Pixi, Inc is adding a new line of cosmetics to the company portfolio and has the following information: the expected market return is 12%, the risk-free rate is 4%, and the expected return on the new project is 28%. What is the beta of the project?

1.60

2.70

3.00

3.90

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