18. MMM Inc plans to undertake a project. The cash flow from the project at the end of the first year will be $3.1 million, which will then grow at 13% for the next two years and at 3.25% thereafter. If the cost of capital for the project is 12%, what is the maximum amount of investment that the firm can afford to make today, before realizing a loss on the project? a. $50.04 million b. $55.14 million c. $41.63 million d. $39.86 million e. None of the above