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A company is in the process of constructing a new plant at a cost of $11 million. It expects the project to generate cash flows

A company is in the process of constructing a new plant at a cost of $11 million. It expects the project to generate cash flows of $7 million, $6 million, and $10 million over the next three years. The cost of capital is 18.5 percent p.a. What is the net present value of this project? (in millions to three decimals) Select one: a. $2.662 b. $5.980 c. $27.190 d. $5.190

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