You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of...

You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now After-Tax Cash Flow 0 -80 1–10 16 --------------------------------------------------------------------------------The project's beta is 1.1. Assuming that rf = 5% and E(rM) = 12%, what is the net present value of the project? What is the highest possible beta estimate for the project before its NPV becomes negative?