u have just analyzed the option of Ann Taylor expanding its business online, and hav oncluded that it will cost firm $ 400 million today to do the expansion. The online store generate $ 80 million in after- tax cash flows each year for the next 5 years, and ther no anticipated salvage value for the assets. Ann Taylor has a beta of 0.9. and has no ebt outstanding . The unlevered beta for online retailers is 1.80. (The risk- free rate is 5 the risk premium is 5.5%). Answer all the following questions and show necessary work . Calculate beta levered . ( 1 mark ) b. Calculate the cost of equity ( 2 marks ) Calculate the NPV on this project . ( 2 marks)