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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 17. Assuming rf=6x and E(rA)=16x Required: o. What is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 . decimal places.) x Answer is complete but not entirely correct. b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Do not round intermediate colculations. Round your answer to 3 decimol places.)

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