signment 11 (Chapter 12) 6 Saved Problem 12-31 CAPM and Valuation (LO3) You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the project are as follows: 32:35 Years Cash Flow 100 16 1-10 ok On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.43. Assuming that the rate of return available on risk-free Investments is 4% and that the expected rate of return on the market portfolio is 15%, what is the net present value of the project? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.) ences milion Net present value