a firm has a capital structure of 100% equity. and analyst has estimated the firms beta as 0.80, and current market conditions feature a risk-free rate of 2%, and a market portfolio risk premium of 6%. the firm is considering the following project:

invest $50 million today

the project will have a cash flow of $5 million in the first year, and cash flows will grow by 2% each year for a 20-year period.

what is projected NPV for this project?

$12.05 million

-1.06 million

4.72 million

12.64 million

9.52 million