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11. You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): Years

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11. You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now After-Tax CF 0 - 20 1-10 10 The project's beta is 1.7. Assuming rf = 9% and E(rm) = 19%, what is the net present value of the project? What is the highest possible beta estimate for the project before its NPV becomes negative? (LO 7-2)

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