Question: -53.97 for (a) and 1.91 for (b) is incorrect. Please solve it accordingly. Thank you!! You are a consultant to a large manufacturing corporation that

-53.97 for (a) and 1.91 for (b) is incorrect. Please solve it accordingly. Thank you!!
-53.97 for (a) and 1.91 for (b) is incorrect. Please solve it

You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax ca millions of dollars): The project's beta is 1.6 . Required: a. Assuming that rf=6% and E(rM)=13%, what is the net present value of the project? Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. b. What is the highest possible beta estimate for the project before its NPV becomes negative? Note: Round your answer to 2 decimal places

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