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5. A company is evaluating a 10-year project. The project costs $40 million to start, and will generate $15 million each year from Year

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5. A company is evaluating a 10-year project. The project costs $40 million to start, and will generate $15 million each year from Year 1 to Year 10. The project's beta is 1.8. Assuming that rf= 8%, and E(rm) = 6%, what is the net present value of the project?

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