*Please solve using Excel and show formulas. Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Years Cash Flow ($ millions) 0 −170 1-11 45 The firm's existing assets have a beta of 2.1. The risk-free interest rate is 3% and the expected return on the market portfolio is 14%. What is the project's NPV? (Enter your answer in millions. A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) NPV= ___ million

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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**Please solve using Excel and show formulas.

Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows:

Years Cash Flow
($ millions)
0 −170
1-11 45

The firm's existing assets have a beta of 2.1. The risk-free interest rate is 3% and the expected return on the market portfolio is 14%.

What is the project's NPV? (Enter your answer in millions. A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

NPV= ___ million

 
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