看不懂这题

问题如下：

4. Sandell is performing a sensitivity analysis of the effect of the new project on the company's cost of capital. If the China project has the same asset risk as Kruspa, the estimated project beta for the China project, if it is financed 80 percent with debt, is closest to:

选项：

A.

1.300.

B.

2.635.

C.

3.686.

解释：

C is correct.

Project beta = 1.053 {1 + [(1 − 0.375)(€80/€20)]} = 1.053 {3.5} = 3.686