Hookbeat is a UK firm and is planning to start a new project in the US. The following expected free cash flows measured in pounds are assumed to be uncorrelated with the spot exchange rate. Assume that capital markets are internationally integrated. FCF Year ( millions) 0 -653 1 325 2 435 3 376 4 285 Hookbeat believes the dollar WACC of 11.8% is appropriate to evaluate this project. The risk-free interest rates on pounds and dollars are 7% and 2.6%, respectively. The NPV of this project in pounds is closest to: a. 437.21 million O b. 555.04 million O c. 549.65 million O d. 337.17 million