Question: A project is determined to have equal probability of generating $7.00 million annually or $2.00 million annually for six years. The initial investment is $19.04

A project is determined to have equal probability of generating $7.00 million annually or $2.00 million annually for six years. The initial investment is $19.04 million. The expected return on Treasury bills is 4.00 % and the market return is 9.20%. What is the highest project beta that will justify acceptance of the project? PLEASE NO EXCEL OR SPREADSHEATS PLEASE EXPLAIN USING FINANCIAL FORMULAS THE ANSWSER IS 1.35 BUT I WANT AN EXPLANATION PLEASE BE CLEAR

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