Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Cash F
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Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Cash F
Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Cash Flow Years ($ millions) -100 0 1-10 15 The firm's existing assets have a beta of 1.4. The risk-free interest rate is 4% and the expected return on the market portfolio is 12%. 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