Question: points Save Answer Type ac. You are a consultant to a tie evaluating an expansion of its current business. The cash-flow forecast in millions of

 points Save Answer Type ac. You are a consultant to a

points Save Answer Type ac. You are a consultant to a tie evaluating an expansion of its current business. The cash-flow forecast in millions of dollars) for the project area tollows. Year Di Initial outlay of 100, Years 1 to 8 18 each year. On the basis of the behavior of the firm's stock, you believe that the beta of the time is 1.2. Maning that the rate of return wailable on risk-free lavestent i 21 and that the expected rate of return on the market portfolio de 128, what is the friented to present value of the project

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