The CFO of MediSearch plc believes that investing into a project which will develop a new drug for fighting the flu virus, promises a long-term annual return of 15%. The expected return of the market index is RM = 14.7%, the volatility of the market index is o M = 11.2%, and the risk-free asset earns Rf 5.6%. The CFO has studied similar projects of other companies and believes that the covariance between the returns of this project and the returns of the market is o P,M = 0.0111 (in decimal form). This question has 3 parts (i.e., you will be clicking "Verify" 3 times). What is the beta of the project? Enter your answer rounded to two decimal places. 0.88 Correct response: 0.8820.01 According to the CAPM, what should be the required return of the project given its beta of 0.88? Enter your answer rounded to two decimal places. Number % Section Attempt 1 of 1 Verify