Eugene Shoes has an asset beta of 1.5 and is all equity. The company consists of two divisions: shoes and athletics apparel. The company is considering adding a new line of yoga gear that will costs $10M this year and is equally likely to generate $50M or lose $12M next year. The discount rate of the apparel division is 15 percent. What is the net present value of the shoe line? $11.74M O $6.52M $23.04