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Question 6 3 pts (Chapters 11 and 13) Project L has a beta of 0.80 and an IRR of 10.07 percent. Project M has a

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Question 6 3 pts (Chapters 11 and 13) Project L has a beta of 0.80 and an IRR of 10.07 percent. Project M has a 1.25 beta and an IRR of 13.80 percent. Which one of these projects will you accept and which will you reject if the risk-free rate of return is 4.6 percent and the market risk premium is 7.2 percent? (round answer to 2 digit, for example 10.92 percent. Think about SML) Accept Project Land Project M. Reject Project L and Project M. Accept Project Land reject Project M Reject Project Land accept Project M. Don't know

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