Multiple Choice

A. -15.7

B. -20.6

C. -64.1

D. -36.1

E. -29.3

Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: The firm's existing assets have a beta of 2.0. The risk-free interest rate is 3% and the expected return on the market portfolio is 13%. Question: What is the project's NPV