Solve the below problem:
Q: The Treasury bill rate is 5% and the market risk premium is 7%. Project tBeta Internal Rate of Return, % P 0.95 11 Q 0 14 R 3.00 27 S 0.35 15 T 2.30 29
a. What are the project costs of capital for new ventures with betas of .70 and 1.65? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
b. Which of the following capital investments have positive NPVs?