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Question 20 0 / 4 pts You are considering the capital budgeting project j with a life expectancy of 30 years. The T-bill rate (rf)

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Question 20 0 / 4 pts You are considering the capital budgeting project j with a life expectancy of 30 years. The T-bill rate (rf) is 4%, and the return on the market (rm) the last 30 years has been 11%. The project beta is 1.5. Using the CAPM, what is the cost of capital for project j? (Enter your answer as a percentage, rounded to two digits after the decimal point. Example: An answer of 0.124589 would be rounded to 12.46%, and entered as 12.46)

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