QUESTION 7 47 B DE F 48 Suppose you are considering a project with the following net after-tax cash flows (in $million): 49 Years from 50 Now After-Tax Cash Flows Beta rf E(rm) 51 0 -$37.00 1.75 0.035 0.16 52 1 to 10 $16.00 53 There are 2 questions related to this data. 54 All percentages and dollar amounts should be taken out to 2 places. What is the net present value (NPV) of the project? NPV = *Annuity Cash Flows * PVIFA) - Initial outlay a. NPV = $17.48 b. NPV = $18.48 C. NPV = $19.48 d. NPV = $48.19