CME Inc has a $150 million investment opportunity that should yield incremental after-tax cash flows of $25 million/year for 10 years starting next year. The project is less risky than their current business, but the same as that for Pureplay Inc. What is the NPV of the investment given the below details? Risk-free rate = 3%, Expected market return = 11% CME beta = 1.55, Pureplay Inc. beta = 1.35 CME and Pureplay Inc. both have D/E=0.60 CME before-tax cost of debt = 6.2% Tax rate = 30%