Risk-adjusted rates of return using CAPM Centennial Catering, Inc, is corsidering twa mutualy exelusive investments. The cornany wishes to use a CAPM-type risk-adjusted discount rafe (RADR) in its annysis. Cenennials managers believe that the oppropriate market rate of retum is 11.6%, and they observe that the current risk free rate of retum is 6.6%. Cath flows associated with the two projects are shown in the following table. (Cick on the loon here C. in order to copy the contents of the data tabio below into a spreadsheet.) a. Use a risk-adjused discount rate approach to calculale the net present value of each project, given that project X has an RADR factor of 1.24 and project Y has an RADR factor of 1.38. The RADR tactors are similar to project betas (Hint Use the following equation to calculate the required project retum for each: r=Rf+b(rmRf)] b. Discuss your findings in part (a), and recommend the preferred project a. The risk-adjusted discourt rato for preject x wal be W. (Round to two decimal places.)