A project has the following forecasted cash flows:

$\backslash$table$[[$Cosh Flows $(\%$ thourends$)],[$C$,$G$,C_2,$Ca$],[-100,44,6,45]]$

The estimated beta is $1\mathrm{.}5.$ The market return is $16\%,$ and the risk$-$free rate is $7\%$

a$.$ Estimate the cost of capetal for the project and the project's PV

b$.$ What are the certainty equivalent cash flows in each year?

c$.$ What is the ratio of the certainty$-$equivalent cash flow to the expected cash flow in each year?