Electric Cars Inc is evaluating a proposal to build a new plant to manufacture a 2-seat electric car, which has the following incomplete incremental free cash ow projections in millions of dollars. Assume cost of capital is 12%, relevant CCA rate is 10%, and assets are never sold. Year 0 Years 1-9 Year 10 Revenues - Manufacturing expense 35) 35 _ - Marketing expenses ' - CCA ? '? = EBIT - Taxes 35% ? '? = Unlevered net income . + CCA ? ? - Increases in NW C - Capital Expenditures 150) + Continuation value = F CF (150) '? '? 4) Rather than assume that cash ows for this project are constant, management would like to explore the sensitivity of its analysis to possible growth in revenues and operating expenses. Specically, management would like to assume revenues are as given in the table for year 1 and grow by 2% per year every year starting in year 2. As well, assume manufacturing and marketing expenses are as given in the table for year 1 and grow by 5% per year every year starting in year 2. Finally, assume initial capital expenditures, CCA, additions to working capital, and continuation value remain as initially specied in the table. Under the new assumptions, the NPV is closest to: a) 22 b) 44 c) 127 d) 150