im unsure of the next steps im supposed to take after finding the beta

Problem 5 (10 points): Nike, Inc. is considering a $10M investment (paid at t=0) in new "smarter" sneakers. The new sneakers are expected to generate free cash flows of $3M, at the end of every year (starting at t=1), for the next 6 years. They will be totally out of fashion after that. Nike will finance this project 20% with debt and 80% with equity. Assume a risk-free rate of 2% and a market-risk premium of 5%. The corporation's equity beta in the stock market is 1.2. Its stock price is $60 per share and, overall, there are 2B shares outstanding. The corporation has a current debt of $13.5B and holds $1.5B in cash. The corporation's debt is risk-free with a yield-to-maturity of 2%. The corporate tax rate is 40%. What is the net present value of the project? t=0 I -10m t=2 t=3 E=4 t=5 to 3m 3m 3m 3m 3m 3m 13 NPV=-10m +83m wicc [I- I WACC=1-re WACC:ro WACCP = { AND VE + Noor (1-5) 60. 2B=120m is B = 120 121 1,2 1200 bench 1.091 a = bx=1.091 b =0.91.1.12 +0.9.0