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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): The project's beta is 1.5 . Assuming that if =6% and E(rM)=12%. What is the net present value of the project? $4.18 $60.23 44.18 $20.23 $80.00

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