Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows:

Years	Cash Flows ($ millions)
0	-20
1-10	+10

The firms existing assets have a beta of 1.4. The risk-free interest rate is 2% and the expected return on the market portfolio is 12%. What is the projects NPV?

Group of answer choices

20.3

32.5

18.3

28.3

22.5