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You are a consultant to a firm evaluating an expansion of its current business. The annual cash flow forecasts (in millions of dollars) for the

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You are a consultant to a firm evaluating an expansion of its current business. The annual cash flow forecasts (in millions of dollars) for the project are Annual Cash Flow Years 1 - 10 - 116 14 Based on the behaviour of the firm's stock, you believe that the beta of the firm is 1.5. Assuming that the rate of return available on risk free investments is 6% and that the expected rate of return on the market portfolio is 13%, what is the net present value of the project? (Enter your answers in millions. Round your answer to 2 decimal places. Use minus sign to enter negative answers, if any) | million NPV

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