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Famblin Wreck is a fim specinlizing in engineering components. The firm is publioly traded and is conaidering the following proloct The project will last 5.00

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Famblin Wreck is a fim specinlizing in engineering components. The firm is publioly traded and is conaidering the following proloct The project will last 5.00 years with an annual cash flow of $40.00 million. The project wil require an indial investment of $1$0,00 million The form must determine the cost of capial fo evaluate the project. (The project is within the firm's normal activitios) Ramblin Wrock. inc. Financlal Data: The risk free rate in the economy is currently 2.00%, Whlle investors have a market risk premium of 8.00%. Ramblin Wieck, the, has a beta of 1,42 . The tax rate is 36.00%. What is the NPV of the project? (express in millons, so 1000000 would be 1.00) Answer format: Currency: Round fo: 2 decimal places

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