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Serenity Parts is considering a new project. They believe that the project has a beta of 1.56. The T-bill rate is 2% (risk-free rate) and
Serenity Parts is considering a new project. They believe that the project has a beta of 1.56. The T-bill rate is 2% (risk-free rate) and the S&P 500 return (which represents market) is 13%. What is the appropriate expected return on the new project? (Answer as a percentage and round to 2 decimals.)
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