explain d part

Consider the following table, which gives a security analyst's estimated returns on two stocks for two possible scenarios of market returns in the coming year: Market Return Stock A Stock B T-bills Probability 18% 8% 25% 2% 0.5 -2% 2% -5% 2% 0.5 a) Compute the expected return for each stock and the market. b) Compute the market sensitivity for each Which stock is more cyclical? c) Based on the CAPM, which stock is a better buy? Show your calculation. d) As a manager, you are evaluating a risky project that costs $1.8 million. The project has a one-year life and an expected payoff of $2 million at the end of the year. If the project's risky payoff has a market beta of 2, would you approve it