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Apple Inc. expects their new concept (Apple Car) can be sold to consumers for the next 8 years. They believe that Apple Car will generate

Apple Inc. expects their new concept ("Apple Car") can be sold to consumers for the next 8 years. They believe that Apple Car will generate free cash flow of $97,900 million each year. Apple requires a return of 7.60 percent on all its investments. The only way Apple will say yes to developing the Apple Car is if the initial investment for this project does not exceed:

A. $550,008.71 million

B. $1,026,395.85 million

C. $482,301.46 million

D. $516,751.56 million

E. $571,237.51 million

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