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You are a consultant to a large manufacturing corporation considening a project with the following net after-tax cash fiows fin millions of dollars): The projects

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You are a consultant to a large manufacturing corporation considening a project with the following net after-tax cash fiows fin millions of dollars): The projects beto is 1.8. Assuming rt=41 and z(rM)=141 Required: a. What is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

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