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MMM Inc plans to undertake a project. The cash flow from the project at the end of the first year will be $3.7 million, which

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MMM Inc plans to undertake a project. The cash flow from the project at the end of the first year will be $3.7 million, which will then grow at 13% for the next two years and at 2,80% thereafter. If the cost of capital for the project is 12%, what is the maximum amount of investment that the firm can afford to make today, before realizing a loss on the project? $55.14 million $42.69 million $50.04 million $39.86 million $47.58 million

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