Problem 12-29 CAPM and Hurdle Rates (LO3) A project under consideration has an internal rate of return of 16% and a beta of 0.5. The risk-free rate is 6%, and the expected rate of return on the market portfolio is 16% a. What is the required rate of return on the project? (Do not round intermediate calculations. Enter your answer as a whole percent.) Required rate of return b. Should the project be accepted