Need help with 19 & 20

[Q19-20] You are the CFO of a major pharmaceutical firm. A division manager has presented senior management with an investment opportunity. The project would require an investment of $95 million today If the project succeeds, it will be worth $1 billion in a year. You estimate that there is only a 10% chance that the venture would succeed. If it fails, then in a year you will scrap the project and all of your firm's $95 million investment will be lost. Whether the venture succeeds or fails is independent of general market conditions. The risk-free rate is 3%, the expected return of the market is 12%, and the standard deviation of the market return is 20%. What is the beta of the project? What is the appropriate discount rate for the project under the assumptions of CAPM? [Hint: Whether the venture succeeds or fails is independent of general market conditions."] A. O, 3% B.1, 12% C. 1.5, 16.5% D.0.5, 7.5% QUESTION 20 3 points Save Answer What is the NPV of this project? A. -$1.3M