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

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Finance

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Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Years Cash Flow ($ millions) -220 50 1-7 The firm's existing assets have a beta of 2.6. The risk-free interest rate is 4% 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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