The Treasury bill rate is 3% and the market risk premium is 7%.

Project	Beta			Internal Rate of Return, %
P		1.10		18
Q		0.00		14
R		3.00		24
S		0.50		15
T		2.50		26

a. What are the project costs of capital for new ventures with betas of 0.85 and 1.65? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)