5. ABC Co. is planning to invest in in-house operating system for mobile phones. They have forecasted that with the new operating system the following are the expected cash flows that will be generated: - This project will generate $10 million at end of Year 1 which will grow at a rate of 10% for next 3 years from Year 1 onwards. From Year 4 onwards, the growth rate in cash flows will stabilize to 3% per year till perpetuity. If the discount rate is 12% what is the Present Value of the Cash Flows generated. (rounded to the nearest integer in million dollars). a) 118 b) 132 c) 98 d) 148 Answer is b