2. A shoe manufacturing rm has the following market value balance sheet: Assets Liabilities Op Assets $90M Debt $50M Exc Cash $10M Equity $50M The expected return on equity (T3) is 30%. The debt is riskfree and has an expected return (TB) of 10%. The excess cash also yields the riskfree rate. The company is faced with a new investment opportunity that has the same systematic risk as the Operating assets of the company. It will require an investment of $10M today and will give an expected cash ow of $11.5M one year from now and nothing after that. Thus, the expected return on the project is 15%. i) What is the NPV of the new project