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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

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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 projects beta is 19. Assuming rf= 4% and E(rM) = 14%. 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 2 decimal places.) Highest possible beta value

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