Financial managers and security analysts often use the CAPM model for estimating the cost of capital. Specifically, we can use CAPM model to estimate the cost of capital in the NPV (Net Present Value) analysis. Assume that you are a finance analyst at Rollins Capital Inc. You are covering a company which is considering a project with the following net after-tax cash flows: an outlay of $20 million right now (t= 0), earn $10 million cash inflow at the end of each year during the following 3 years. The projects CAPM beta is 2.0. Assuming risk-free rate of return is 4% and market risk premium is 8%. Based on NPV analysis, should this company accept or reject this project? Please show the detailed NPV calculation procedure.