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You are a consultant to a large manufacturing corponation considering a project with the following net after-tax cash flows (in millions of dollars): The project's

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You are a consultant to a large manufacturing corponation considering a project with the following net after-tax cash flows (in millions of dollars): The project's beta is 1.4. Assming r=5% and E(rM)=15% a. What is the net present value of the project? (Do not round intermediate calcalations. Enter your answer in millions rounded to 2 decimal places.) Net present value million b. What is the highest possible beta estinnate for the project before its NPV becomes aegative? (Do not round intermediate ealeaiations. Rouad your answer to 2 decimal placesc) Hithest dossible beta value

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