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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
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): The project's beta is 1.8. Assuming that r_f = 8% and E(T_M) = 16%, what is the net present value of the project? What is the highest possible beta estimate for the project before its NPV becomes negative
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