66. Microsoft Corporation is considering investing in a new gaming console project. The company is evaluating three options:

• Option A: Invest $1 billion in developing a new gaming console.
• Option B: Collaborate with a game development studio and pay an annual fee of $300 million for ten years.
• Option C: Acquire a smaller gaming hardware company for $2.5 billion.

Calculate the net present value (NPV) for each option using a discount rate of 8%.