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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

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 After-Tax Cash Flow
085
11019
The project's beta is 1.2.
Required:
Assuming that rf =7% and E(rM)=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.
What is the highest possible beta estimate for the project before its NPV becomes negative?
Note: Round your answer to 2 decimal places.
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