An investment, which has an expected return of 20%, is expected to make annual cash flows forever. The first annual cash flow is expected today and all subsequent annual cash flows are expected to grow at a constant rate of 3% per year. The cash flow expected today is expected to be $40000. What is the present value (as of today) of the cash flow that is expected to be made in 8 years from today? O A. $40,000.00 $50,670.80 B. oc Answer is not listed or is not possible O D. $11,784.41 O E. $14,141.29