Honda is considering an entry into the light jet manufacturing industry. This new project "HondaJet" being a little riskier than their current line of operations, Honda's global CEO has decided to add an additional $3\mathrm{.}25\%$ to the company's overall cost of capital when evaluating this project. Honda is considering an equity offering of $$420$ million to fund this project and the capital structure for the "HondaJet" division will have $30$ percent debt and $70$ percent equity. Nomura Securities has agreed to manage this issue at an overall cost of $4\mathrm{.}32\%$ to Honda. The company's cost of equity and after$-$tax cost of debt are estimated at $14\mathrm{.}23\%$ and $7\mathrm{.}78\%.$ The cash flows are estimated as: $1$st Yr: $$40$ mill; $2$nd Yr: $$70$ mill; $3$rd Yr thru $16$th Yr: $$82$ mill. What is the projected NPV of the "HondaJet" project?$\backslash$

$$9$ million approx.$\backslash$

$$96$ million approx.$\backslash$

$3.$$$10$ million approx$\backslash$

$$9$ million approx.$\backslash$

$$77$ million approx..