A corporation is considering forming a business unit to enter a new market. The management has determined that the internal rate of return for the new business unit is 12% - recall, the internal rate of return is the discount rate that sets the present value of the future earnings of a project exactly equal to the current cost of the project. Management uses this internal rate of return has the ‘hurdle rate’ to determine whether or not to do the project. The current risk-free rate and expected market rate of return are 8% and 14%. The corporation uses a beta of 1.5 in CAPM calculations. What is the CAPM expected rate of return? Should the corporation do the new project?