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'ou are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the roject are

image text in transcribed 'ou are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the roject are as follows: the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.34 . Assuming that the rate of return available risk-free investments is 5% and that the expected rate of return on the market portfolio is 14%, what is the net present value of the roject? Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in million f dollars rounded to 2 decimal places

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