You are a financial analyst at a major business valuation firm. You are analyzing how a change in beta will impact the present value of corporation that is considering an investment project. The project requires an initial investment of $100 million and will generate a perpetuity of after tax cash of $15 million ever year forever. The project's beta is 2. Assume that risk free rate is 6% and the return on the market is 8%. Please answer the following questions. What is the net present value of the project ? (sample answer:$115 million) What is the highest possible discount rate for the project before its NPV becomes negative ? (sample answer: 15.45%) What is the highest possible beta estimate for the project before its NPV becomes negative 7 (sample answer: 1.24)