The Treasury bill rate is 4% and the market risk premium is 8%.

Project	Beta			Internal Rate of Return, %
P		.85			14
Q		0			10
R		1.0			11
S		.25			11
T		.6			13

a.	What are the project costs of capital for new ventures with betas of .60 and 1.15? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Beta	Cost of capital
.60	%
1.15	%