Question: Please read instructions and do not round intermediate calculations, only at the end to 2 decimal places 2Years from Now After-Taxor 1-9 10 -36 12

Please read instructions and do not round intermediate calculations, only at the end to 2 decimal places  Please read instructions and do not round intermediate calculations, only at

2Years from Now After-Taxor 1-9 10 -36 12 24 The project's beta is 1.5. Assuming rf- 4% and E(r)-12. 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.) Net present value 12.24 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.) Highest possible beta value

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