Question It is expected that a 2 year term project will generate revenues of $5 million at the end of the second year, Costs and expenses are fixed at $3 million at the end of the first year. You are also given that the risk-free rate is 3% and the market risk premium is 5.5%. Determine the project's beta if the revenues have a beta of 1.15. Possible Answers A Less than 1 At least 1 but less than 2 c At least 2 but less than 3 D At least 3 but less than 4 At least 4