You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in milions of dollars) for the project are as follows: On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.37. Assume that the rate of return available on fisk-free investments is 4% and that the expected rate of return on the market portfolio is 16%. a. What is the project IRR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What is the cost of capital for the project? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)