Serenity Parts is considering a new project. They believe that the project has a beta of 1.10. The T-bill rate is 4% (risk-free rate) and the S&P 500 return (which represents "market") is 18%. What is the appropriate expected return on the new project? (Answer as a percentage and round to 2 decimals.) O a. 18.10 % O b. 19.40 % O c. 21.96 % O d. 18.86% O e. 20.50 %

Serenity Parts is considering a new project. They believe that the projecthas a beta of 1.10 . The T-bill rate is 4% (risk-free rate) and the S\&P 500 return (which represents "market") is 18%. What is the appropriate expected return on the new project? (Answer as a percentage and round to 2 decimals.) 3. 18.10% b. 19.40% c. 21.96% d. 18,86% e. 20.50%