Question: I have been stuck on this question and cannot figure it out. You are a consultant to a firm evaluating an expansion of its current

I have been stuck on this question and cannot figure it out.

You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the project are as follows:

Years Cash Flow

0 - 100

1 - 10+15

On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.42. Assuming that the rate of return available on risk-free investments is 6% and that the expected rate of return on the market portfolio is 14%, what is the net present value of the project?(Negative amount should be indicated by a minus sign. Do not round intermediate calculations.Enter your answer in millions of dollars rounded to 2 decimal places.)

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