please answer all parts!

Risk-adjusted rates of return using CAPM Centennial Catering, Inc., is considering two mutually exclusive investments. The company wishes to use a CAPM-type risk- adjusted discount rate (RADR) in its analysis. Centennial's managers believe that the appropriate market rate of return is 11.6%, and they observe that the current risk-free rate of return is 6.6%. Cash flows associated with the two projects are shown in the following table. (Click on the icon located on the top right comer of the data table below in order to copy its contents into a spreadsheet.) Initial investment (CF) Year (!) Project X Project Y $65,000 $85.000 Cash inflows (CF) $27,000 $18,000 27,000 34.000 27.000 38.000 27.000 47,000 a. Use a risk-adjusted discount rate approach to calculate the net present value of each project, given that project X has an RADR factor of 1.23 and project Y has an RADR factor of 1.38. The RADR factors are similar to project betas. (Hint: Use the following equation to calculate the required project return for each: reRp.bx (im-R ) b. Discuss your findings in part (a), and recommend the preferred project a. The risk-adjusted discount rate for project X will be (Round to two decimal places.)