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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

You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars):Years from Now01 to 10After-Tax CF-$ 28$ 14The project's beta is 1.4. Assuming rf =5% 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 2 decimal places.)millionNet present valueb. 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.)Highest possible beta valuePrev

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