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Jiminez, Incorporated, is an all - equity firm. The cost of the company s equity is currently 1 1 . 5 percent and the risk
Jiminez, Incorporated, is an allequity firm. The cost of the companys equity is currently percent and the riskfree rate is percent. The company is currently considering a project that will cost $ million and last six years. The company uses straightline depreciation. The project will generate revenues minus expenses each year in the amount of $ million. If the company has a tax rate of percent, what is the net present value of the project? Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to decimal places, eg
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