Question: USE THIS INFORMATION TO ANSWER THE NEXT QUESTION Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax

USE THIS INFORMATION TO ANSWER THE NEXT QUESTION Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows (for an all-equity firm) are shown below in millions: 0 2 3 1 4 -$1000 +$125 +$250 +$375 +$500 If the firm were financed entirely with equity, the required return would be 10%. What is the value of this project to an all-equity firm? a) -$46.5 b) $46.5 c) -$56.5 d) $56.5

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