Firm XYZ usually invests in projects with a risk level of =0.8. It is considering an investment in a new project which is expected to produce a CF of TZS12.6Mil a year from now, and this CF is expected to grow at a constant rate of 2% per year forever. This CF is only an expectation and the firms economist estimates its Std to be TZS.3Mil. What is the present value of the CFs of this project, if the expected annual return of the market portfolio is 12%, the annual return of money market instruments is 4% and the market is in equilibrium (CAPM)?