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 The project's beta is 1.2. rf 6% and E(rm) a. Assuming that 14%, what is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Net present value After-Tax Cash Flow -60 17 = Highest beta B b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Round your answer to 2 decimal places.)

You are a consuitant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in milions of doliars) The project's beta is 12 0. Assuming that rf - sx and t(ry) - 145 , what is the net present value of the project? (Do not round intermediate colculations, Enter your onswer in miltions rounded to 2 decimal pleces.) b. What is the bighest possible beto estimate for the project before is NPV becomes negative? (Round your anitrer to 2 decimol