A firm is considering investing in a new project with an upfront cost of $400 million. The project will generate an incremental free cash flow of $50 million in the first year and this cash flow is expected to grow at an annual rate of 3% forever. If the firm's WACC is 12%, what is the value of this project?

A) 155.6

B) 555.6

C) 583.3

D) 183.3

If possible, could you please use excel to solve the problem? Thank you!