The Treasury bill rate is 5% and the market risk premium is 8%. Internal Rate of Beta Project P Return, % 14 0.95 0.00 12 A OLAH 2.00 0.35 21 13 23 1.60 a. What are the project costs of capital for new ventures with betas of 0.70 and 1.59? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Beta Cost of Capital 0.7 % 1.59 %