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

Project	Beta	Internal Rate of Return, %
P	0.75	10
Q	0	8
R	1.00	12
S	0.15	9
T	0.90	9

a.	What are the project costs of capital for new ventures with betas of .50 and 1.11? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Beta	Cost of Capital
0.50	%
1.11	%