Actuarial models

It is expected that a 2-year term project will generate revenues of $5 million at the end of the second year. Costs and expenses are fixed at $3 million at the end of the first year. You are also given that the risk-free rate is 3% and the market risk premium is 5.5%. Determine the project's beta if the revenues have a beta of 1.15. It is expected that a 2-year term project will generate revenues of $5 million at the end of the second year. Costs and expenses are fixed at $3 million at the end of the first year. You are also given that the risk-free rate is 3% and the market risk premium is 5.5%. Determine the project's beta if the revenues have a beta of 1.15