Question: No excel please and please show your work! (: Problem 7-11 You are a consultant to a large manufacturing corporation considering a project with the
Problem 7-11 You are a consultant to a large manufacturing corporation considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now After-Tax CF le The project's beta is 1.9. Assuming rf - 5% and Erm) - 15% a. What is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) & Answer is complete but not entirely correct. Net present value 64.13 million b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Highest possible beta value 456
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