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Company is considering expanding production:Current stock price is $30, there are 100 million shares outstanding and equity beta is 1 Debt has market value of

Company is considering expanding production:Current stock price is $30, there are 100 million shares outstanding and equity beta is 1 Debt has market value of $1.5 billion and is currently at its long-term target leverage ratio Expansion costs $50 million and would generate expected free cash flows of $10 million per year starting next year and continuing in perpetuity Current risk-free rate is 6% and the expected market risk premium is 8%. The yield to maturity for bonds is 10% and the tax rate is 35%.calculate the NPV/Valuation of the project?

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