A firm needs to raise $165 million for a project. It is estimated that the after-tax cash inflows from the project will be $21 million annually in perpetuity. The cost of equity is 14%, pre-tax cost of debt is 8%, and tax rate is 35%. If external financing is used, the firm faces flotation costs of 8% for equity and 2.5% for debt. If the project is to be financed 60% with equity and 40% with debt, how much cash must the firm raise in order to finance the project? a) $182.2 million b) $175.2 million c) $128.6 million d) $171.6 million e) $161.7 million