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Problem 7-11 You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars):
Problem 7-11 You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now 0 1-9 10 After-Tax CF -28 14 28 The project's beta is 1.4. Assuming rf = 5% and E(rm) = 15% a. What is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) X Answer is complete but not entirely correct. Net present value 29.58 x million
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