Kaboom Explosives Ltd is considering a major investment in a new mining project. According to initial estimates, the investment outlay would be $10,000,000 and the project would generate incremental pre-tax cash flow of $2,000,000 per year for fifteen years. The appropriate required rate of return is 16% p.a. and the project should be evaluated on a pre-tax basis. 28. What is the net present value of this project (round to nearest $1,000)? A. $10,000,000 B. $1,151,000 C. $10,664,000 D. $20,000,000