Cash flows have been estimated in detail for the first six years of a new venture's life. Management feels the new business will go on indefinitely, and will probably grow at an average rate of 3% per year starting at $50M in year seven. The project is being evaluated using a cost of capital of 11%. What is the contribution of this terminal value assumption to the project's NPV?

a. $50M

b. $625M

c. $243M

d. $334M