Question: Required: a . Assuming that r f = 5 % and E ( r M ) = 1 5 % , what is the net

Required:
a. Assuming that rf=5% and E(rM)=15%, what is the net present value of the project?
Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.
b. What is the highest possible beta estimate for the project before its NPV becomes negative?
Note: Round your answer to 2 decimal places.
a. Net present value
b. Highest beta
 Required: a. Assuming that rf=5% and E(rM)=15%, what is the net

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