17. A real estate investment has the following expected cash flows. $34.68 million in 2017 (t=0): $37.46 million in 2018 (t-1): S40.23 million in 2019(t=2): $43.00 million in 2020 (t=3) and $45.78 million in 2021 (-4). Assume that the interest rate is 7%, what is the investment's present value at year 02 (t=0)? a. S153.26 million b. $171.64 million c. S174.85 million d S185.28 million S193.44 million