Question 3 0 out of 2 points r :1, Polycorp is considering a new project. The project has beta (B) that is twice that of the firm's existing [j assets (projects). Polycorp's existing assets have a required return (cost of capital) of 9%, the market risk premium is 7% and the risk free rate is 5%. Calculate the beta for the new project. Provide your answer accurate to two decimal places. Selected Answer: 0 2 Correct Answer: 0 1.14 :l: 0.01