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A project requires an initial investment of $1,500,000 depreciated straight-line to $0 in 15 years. The investment is expected to generate annual sales of $850,000

A project requires an initial investment of $1,500,000 depreciated straight-line to $0 in 15 years. The investment is expected to generate annual sales of $850,000 with annual costs of $680,000 for 15 years. Assume tax rate of 35%, the market risk premium of 5.9% and the risk-free rate of 1.4%. If the NPV of the project is -$75,000. What is the beta?

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