BHP is setting up a lithium mine that costs $120 million today to open. It will generate $20 million in revenue for the next 10 years with operating costs being 10% of annual revenue. After that, the mine is leased out to Rio Tinto which will pay rent of $2 million a year in perpetuity. This rent starts in year 11. BHP has a cost of capital of 10%. Calculate the NPV of this project.

a. -$1,926,926.31

b. -$1,866,926.31

c. $1,686,926.31

d. -$1,686,926.31

e. $1,866,926.31