The Treasury bill rate is 4% and the market risk premium is 8%. Project Beta Internal Rate of Return, % P 1.10 16 Q 0 12 R 2.0 16 S .50 13 T 1.6 18 a. What are the project costs of capital for new ventures with betas of .85 and 1.78? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Beta Cost of capital

.85 %

1.78 %