(Finding NPVs with differing project risks) Assume the expected return on the market portfolio is 15% and the riskless return is 9%.

(Finding NPVs with differing project risks) Assume the expected return on the market portfolio is 15% and the riskless return is 9%. Also assume that all of the projects listed here are perpetuities with annual cash flows (in $) and betas as indicated. None of the projects requires or precludes any of the other projects, and each project costs $2,000. a. What is the NPV of each project? b. Which projects should the firm undertake?