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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 After-Tax Cash Flow e 1-10 The project's beta is 1.2. -60 17 a. Assuming that ry 6% and E(rm) 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 b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Round your answer to 2 decimal places.)

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