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

Years	Cash Flow
0	170
110	+15

a.

On the basis of the behavior of the firms stock, you believe that the beta of the firm is 1.8. Assuming that the rate of return available on risk-free investments is 3% and that the expected rate of return on the market portfolio is 11%, what is the net present value of the project?(Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)

NPV

$

b.	Should the project be accepted?
	No Yes