Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $95 million each year and expects these to grow at 3% each year. The upfront project costs are $900 million and Ford's weighted average cost of capital is 10%. If the issuance costs for external finances are $15 million, what is the net present value (NPV) of the project?

A. $752 million

B. $442 million

C. $464 million

D. $531 million