What is beta of Asset X if the expected return on Asset X is 14%, the expected market return is 10%, and the risk free rate is 6%? Select one: a. 1.00 b. 2.00 c. 0.67 d. 1.33

An investment project costs $20,000 and will generate $5,000 in annual cash flows for three years followed by $4,000 in annual cash flows for six years. What is the payback period?

Select one:

a. 4.67 years

b. 4.25 years

c. 4.50 years

d. 5.33 years