a Exercise 7 You are a consultant to a corporation that plans to buy a project whose net cashflows in millions of dollars are below Years from now Net cashflow 0 -118 1 to infinity (perpetual) 15.69 1 The return on the market portfolio is 6.26% and the risk-free rate is 1.58% What is the highest possible beta estimate for the project before its NPV becomes negative? (10 pts) (A) 2.93 (B) 2.39 (C) 2.5 (D) 2.71 End of Exam