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Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Years Cash Flow ($ millions) 0 150

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

Years

Cash Flow ($ millions)

0

150

1-9

25

The firm's existing assets have a beta of 1. The risk-free interest rate is 3% and the expected return on the market portfolio is 10%. What is the project's NPV?

Group of answer choices

-11.04

12.38

-6.02

52.59

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