Question 9 Calculate the net present value (NPV) of a project that earns $10 million in Yr 1, $15 million in Yr 2 and $7 million in Yr 3, if it requires an initial investment of $20 million now and you require a return of 7% each year?

a.+ 8.161 million dollars

b.+ 12.000 million dollars

c.- 9.176 million dollars

d.+ 52.000 million dollars