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		100
110	+	14

On the basis of the behavior of the firms stock, you believe that the beta of the firm is 1.48. Assume that the rate of return available on risk-free investments is 6% and that the expected rate of return on the market portfolio is 16%. What is the net present value of the project?

(Negative amount should be indicated by a minus sign. Do not round intermediate calculation. Enter your answer in millions of dollars rounded to 2 decimal places)

What is the project IRR?

What is the cost of capital for the project