You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecast (in millions of dollars) for the project are as follows:

years 0 with Cash Flow of -100

years 1-10 with Cash Flow of +14

On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.35 Assume that the rate of return available on risk-free investments is 4% and that the expected rate of return on the market portfolio is 13%

a) What is the project IRR?

b) What is the cost of capital for the project?

c) Does tge accept-reject decision using ITR agree with the decision using NPV?