III. You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): (5 points) Years from Now After-Tax CF -22 a) The project's beta is 2. Assuming the annual risk-free rate is 2% and the expected annual rate of market return is 10%. What is the net present value of the project? (Hints. NPV CFO CF CF2 F3 (1 + R) v , where R is the expected rate of return (1 + R) (1 + R)? (1 + R)'' on the project.) b) Suppose the project's beta decreases to 1. How would the change affect the project's net present value