1) Suppose ACI has asked you to calculate the NPV of a proposed Pharmaceutical investment. We expect that the cash flows over the four year life of the project will be 50 in the first year, followed by 60 in the second year. The cash flow in the third year will be 70 and 200 in the fourth year. It will cost about 250 to begin production. Use a 10 percent discount rate to evaluate this project. What will be the NPV of this project? Round up to two decimal point.

a. 31.02

b. 32.02

c. 33.02

d. 34.23

e. None of the above