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You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of

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You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now 0 1-10 After-Tax Cash Flow -201 5 The project's beta is 1.8. Required: a. Assuming that ry-5% and EM-11%, what is the net present value of the project? Note: 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? Note: Round your answer to 2 decimal places. a. Net present value b. Highest beta

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