Problem 9-8 You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows in millions of dollars Years from Now After-Tex Cash Flow -100 1-10 The project's beta is 1.1 a. Assuming that = 5% and M = 10%, what is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Net present value b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Round your answer to 2 decimal places.) Highest bota Problem 9-8 You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows in millions of dollars): Yers from Now After Tax Cash Flas 1-16 The project's beta is 11 a. Assuming that y 5% and BW 10%, what is the net present value of the project? (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Not presenta b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Round your answer to 2 decimal places.) Highest bele Problem 9-8 You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of dollars): irs from Now After Tax Cash Flow -100 1-10 The project's beta is 1.1. a. Assuming that 5% and Ew 10%, what is the net present value of the project? (Do not round Intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Net present value b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Round your answer to 2 decimal places.) Highest beta