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Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project: The project will last 5.00

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Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project: The project will last 5.00 years with an annual cash flow of $40.00 million. The project will require an initial investment of $140.00 milion The firm must determine the cost of capital to evaluate the project. (The project is within the fim's normal activities) Ramblin Wreck, inc. Financial Data: The risk free rate in the economy is currently 2,00%, while investors have a market risk premium of 6.0096. Famblin Wreok, inc. has a beta of 1.42. The tax rate is 38.00%. What is the NPV of the project? (express in millions, so 1000000 would bo 1.00 ) Answer format: Currency: Round to: 2 decimal places

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