Epsilon Corp. is evaluating an expansion of its business. The cash-flow forecasts for the project are as follows: Years Cash Flow ($ millions) 0 −150 1-9 25 The firm's existing assets have a beta of...

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

The firm's existing assets have a beta of 1. The risk-free interest rate is 3% and the expected return on the market portfolio is 10%. What is the project's NPV?