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Serenity Parts is considering a new project. They believe that the project has a beta of 2.00. The T-bill rate is 1.50$ (risk- free rate)

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Serenity Parts is considering a new project. They believe that the project has a beta of 2.00. The T-bill rate is 1.50$ (risk- free rate) and the S&P 500 return (which represents "market") is 12.00% What is the appropriate return on the new project? 25.50% 12.00% 26.25% 24.0096 22.50%

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