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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):

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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): After-Tax Cash Flow -35 13 Years from Now 1-10 The project's beta is 1.5. Assuming that r-8% and E(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? (Do not round intermediate calculations. Enter "NPV" answer in millions rounded to 2 decimal places. Round "Highest beta" answer to 2 decimal places. Omit the "$" sign in your response.) Net present value Highest beta

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