Part 1: Beta1. Search for the beta of Verizon Communications2. In addition, find the beta of 3 different companies within the same industry as Verizon Communications3. Explainto your classmates what beta means and how it can be used for managerialand/or investment decision4. Whydo you think the beta of Verizon Communications and those of the 3 companies you found are different from eachother? Provide as much information as you can and be specific.Part 2: Capital BudgetingBefore you respond to Part 2 of discussion 6 review the following information on Capital Budgeting Techniqueshttps://www.youtube.com/watch?v=hfZ6lznPf2Uhttps://www.scribd.com/doc/37253036/Capital-Budgeting-Principles-TechniquesTo avoid damaging its market value, each company must use the correct discount rate to evaluate its projects. Review and discuss the following:• Compare and contrast the internal rate of return approach to the net present value approach. Which is better? Support your answer with well-reasoned arguments and examples.• Is the ultimate goal of most companies–maximizing the wealth of the owners for whom the firm is being operated–ethical? Why or why not?• Why might ethical companies benefit from a lower cost of capital than less ethical companies?