USE THE INFORMATION BELOWTO ANSWER QUESTIONS 47 and 48 ABC Industries is considering a project that has the following cash flows: The project has a payback period of 3.5 years. The firm's cost of capital is 17%. 47. The project's net present value (NPV) is $ 48. The IRR of the project is %. 19. According to the capital asset pricing model (i.e., CAPM), if the risk-free rate of return is 2.5%, the expected return on the market portfolio is 11.5%, and the beta of the stock of ABC, Inc. is 1.75, what is the expected rate of return for the company's stock (rounded to 2 decimal places)? a. 18.25% b. 20.13% c. 22.63% d. 17.63% e. None of the answers listed above is correct