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Use the following information to answer the question(s) below. Nielson Motors has a debt-equity ratio of 1.6 , an equity beta of 1.6 , and

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Use the following information to answer the question(s) below. Nielson Motors has a debt-equity ratio of 1.6 , an equity beta of 1.6 , and a debt beta of 0.5 . It is currently evaluating the following projects, none of which would change Nielson's volatility. (All amounts are in Smillions.) The total debt overhang associated with accepting project 1 is closest to ( $ million) ( 2 decimal places)

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