Question: Question 28 10 points Save Answ Canyon Buff Corp. has a stock price of $12 per share with 5 million shares outstanding and an enterprise

 Question 28 10 points Save Answ Canyon Buff Corp. has a

Question 28 10 points Save Answ Canyon Buff Corp. has a stock price of $12 per share with 5 million shares outstanding and an enterprise value of $100 million. The firm has an equity beta of 1.2 and a debt beta of 0.4.Assume the risk-free interest rate is 2% and expected market risk premium is 5%. Canyon Buff faces a marginal tax rate of 30%. What is the NPV (in the unit of million dollars) of the firm's project with average risk and the following expected free cash flows? (E.g., if your answer is $60.7 million, then input 61) Instruction: Type ONLY your numerical answer in the unit of million dollars, NO $ sign, NO comma sign, and round to the nearest integer. Year 0 1 1 2 FCF (unit: million) -250 100 110 120

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