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You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): Years from
You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now: After-Tax Cash Flow 0 -18 1-5 7 6 14. The project's beta is 1.2. Assuming a risk-free rate of 3% and E(RM) of 12%, what is the net present value of this project? -$12.59 $0.00 $12.59 O $13.64
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