open the report and find the following estimates $($in millions of dollars$)$:

ten years, the project is worth $$44\mathrm{.}72$ million. You think back to your glory days in finance class and realize there is more work to be done!

accounting earnings are not the right thing to focus on$!$

b$.$ If the cost of capital for this project is $11\%,$ what is your estimate of the value of the new project? PLEASE KEEP $4$ DECIMAL SPACES