tou are a consultant to a firm evaluating an expansion of its current business the cash flow forecasts (in million dollars) for the project are as follows year 0:initial outlay of $120,years 1 to 10:16each year

on the basis of the behavior of the firms stock you believe that the beta of the firm is 1.5. assuming that the rate of return available on risk free investment is 4% and that the expected rate of return on the market portfolio is 12% what is the risk adjusted net present value of the project

1 tot in the future ww Hath with that the the time that the TTT 1