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You are a manager at Northem Fbre, which is considering expanding its operations in synthetic fore manulacturing. Your boss comes into your office, drops a

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You are a manager at Northem Fbre, which is considering expanding its operations in synthetic fore manulacturing. Your boss comes into your office, drops a consultant's report on your desk, and complains, "We owe these consutants $1.8 millon for this report, and I am not sure ther analysis makes sense, Before we spend the $19mili ion on new equpment needed for this project, look it over and gve me your opinion." You open the report and find the following essmates (in millions of dellara): b. If the cost of capital for this propect is 15%, what is your estmate of the value of the new project? Vave of project -1 malion (Round to trvee decimal places)

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