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You are a consultant to a large manufacturing corporation 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 corporation considering a project with the following net after-tax cash flows (in millions of dollars): The project's beta is 1.4. Assuming rf=58 and E(rM)=15% Required: a. What is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 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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