Please show work (solution) as an Excel file.

Please show all steps to input for each problem into spreadsheet.

IDX Tech is looking to expand its investment in advanced security systems. The project will be financed with equity. You are trying to assess the value of the investment, and must estimate its cost of capital. You find the following data for a publicly traded firm in the same line of business:

Debt Outstanding (book value, AA-rated)	$423 million
Number of shares of common stock	67 million
Stock price per share	$17.29
Book value of equity per share	$6.24
Beta of equity	1.19

What is your estimate of the projects beta? What assumptions do you need to make?