8. CB Corp. is expected to generate net incom of $40 million next year and will pay $20 million in after-tax interest expense next year. The company is expected to reinvest_20\% of its after-tax operating earnings and will have return on captal (ROC) equal to 10% in perpetuity. If the weighted-average cost of capital for CB Corp. is 10% what is today's present value of the firm equal to? (a) $60 million. (b) $120 million. (c) $150 million. (d) $600 million