Backboard Remaining Time: 53 minutes, 45 seconds. Question Completion Status: QUESTIONS XYZ is evaluating a project that would require an initial investment of $75,000 today. The project is then expected to produce annual cash flows that grow by 3.20 percent per year forever. The first annual cash flow is expected in 1 year and is expected to be 56.300. The projects internal rate of return is 11.60 percent and its cost of capital is 7.60 percent. What is the net present value (NPV) of the project? a. An amount equal to 50 b. An amount greater than 50 but less than $25,000 O c. An amount equal to or greater than $25,000 but less than 550,000 d. An amount equal to or greater than 550.000 bat less than 575.000 ee. An amount less than 50 or an amount that is equal to or greater than $75,000