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Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: For 0 years -120 millions, for 1-10
Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: For 0 years -120 millions, for 1-10 years +17 Cash flow The firm's existing assets have a beta of 1.6. The risk-free interest rate is 6% and the expected return on the market portfolio is 14%. What is the project's NPV? (Enter your answer in millions. Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
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