Hammond Motors is considering an investment in the Euro area. The expected free cash flows, in Euros, are uncorrelated with the spot exchange rate and are as follows:

Year	FCF ( millions)
0	-100
1	45
2	50
3	55
4	60

The new project, which Hammond is considering, has similar dollar risk to Hammond's other projects. Hammond knows that its overall dollar WACC is 10%, so it feels comfortable using this WACC for the project. The risk-free interest rate on dollars is 4% and the risk-free interest rate on Euros is 6%. Hammond is willing to assume that capital markets in the United States and the Euro area are internationally integrated. The NPV of this project in Euros is closest to:

Group of answer choices