Exxon Mobil Co. has a current firm value of $18,000 million. Exxon Mobil Co. is considering investing in a project that will expand their operations across the country. The project needs a starting investment of $115 million (year 0). The project will then generate an incremental free cash flow of $20 million in the first year (year 1) and this cash flow is expected to grow at an annual rate of 2% forever. All else constant, if Exxon Mobil Co.s cost of capital is 3%, what will be the new firm value of Exxon Mobil Co. after accepting this project?

Group of answer choices

$18,551.67

$19,885.00

$16,115.00

$20,000.00