3 decimal places **

it over and give me your opinion." You open the report and find the following estimates (in millions of dollars): $5.551 million per year for ten years, the project is worth $55.51 million. You think back to your glory days in finance class and realize there is more work to be done! accepted. Finally, you know that accounting earnings are not the right thing to focus on! b. If the cost of capital for this project is 8%, what is your estimate of the value of the new project? b. If the cost of capital for this project is 8%, what is your estimate of the value of the new project? Value of project =$ million (Round to three decimal places.)