2. GE is considering a project which lasts only one year. The project's cost is $16 million. The cash ow of the project has the following joint distribution with the market portfolio. Market Probability Cash ow Next Market Net Return Scenario Year of (%) GE's Project Also, the riskfree interest rate is 6%. i) Use direct tracking method to work out: the tracking portfolio, the PV of the project, the NPV, the expected (required) return of the project, the actual return of the project (IRR), the beta of the project's expected return Plot the expected return and actual return in Mean returnBeta diagram and comment. i1) Use certainty equivalent method to calculate the cash ow's beta of the project and the project's PV. Is the PV consistent with the result in subquestion 1)? What is the relationship between the cash ow's beta and the expected return's beta of the project