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You are a consultant to a firm evaluating an expansion of its current business. The cash - flow forecasts ( in millions of dollars )
You are a consultant to a firm evaluating an expansion of its current business. The cashflow forecasts in millions of dollars for the project are as follows. Year : initial outlay of Years to : each year. On the basis of the behavior of the firms stock, you believe that the beta of the firm is Assuming that the rate of return available on riskfree investment is and that the expected rate of return on the market portfolio is what is the riskadjusted net present value of the project? Step by step please
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