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

Project	Beta	Internal Rate of Return
P	0.85	14
Q	0	10
R	1.00	11
S	0.25	11
T	0.60	13

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

Beta	Cost of Capital
0.60	___%
1.15	___%

b.	Which of the following capital investments have positive NPVs? P, Q, R, S, T? (You may select more than one answer.