Juicers Inc. is thinking of acquiring Fast Fruit Company. Juicers expects Fast Fruit's NOPAT to be $$9$ million the first year, with no net new investment in operating capital and no interest expense. For the second year, Fast Fruit is expected to have NOPAT of $$25$ million and interest expense of $$5$ million. Also, in the second year only, Fast Fruit will need $$10$ million of net new investment in operating capital. Fast Fruit's marginal tax rate is $40\%.$ After the second year, the free cash flows and the tax shields from Fast Fruit to Juicers will both grow at a constant rate of $4\%.$ Juicers has determined that Fast Fruit's cost of equity is $17\mathrm{.}5\%,$ and Fast Fruit currently has no debt outstanding. Assume that all cash flows occur at the end of the year, Juicers must pay $$55$ million to acquire Fast Fruit. What it the NPV of the proposed acquisition? Note that you must first calculate the value to Juicers of Fast Fruit's equity.

a$.$$$45\mathrm{.}0$ Million

b$.$$$68\mathrm{.}2$ Million

c$.$ $$71\mathrm{.}5$ Million

d$.$ $$76\mathrm{.}5$ Million

e$.$ $$133\mathrm{.}0$ Million