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

The projects beta is 1.8.

a. Assuming that rf = 8% and E(rM) = 16%, what is the net present value of the project?

b. What is the highest possible beta estimate for the project before its NPV becomes negative?

So the NPV is $18.09, and the IRR is 35.73%. PLEASE SHOW with work, how do you get to 35.73% IRR? Thanks.

Please show work, otherwise I will downvote.

Yes, Excel is welcome! Please show the formula you used. Thanks

Years from Now After-Tax Cash Flow \begin{tabular}{rr} \hline 0 & 40 \\ 110 & 15 \end{tabular}