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Ronaldo Corp is considering a 3-year project that will cost $200 today followed by free cash flows to firm of $100 in year 1, $80

Ronaldo Corp is considering a 3-year project that will cost $200 today followed by free cash flows to firm of $100 in year 1, $80 in year 2, and $160 in year 3. ABC has $1000 of assets with a debt ratio of 40.00%. ABC's before-tax cost of debt is 7.00% and its cost of equity is 12.00%. Assuming the tax rate is 35.00%, the unlevered NPV of ABC's new project is closest to:

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$274.66

$266.95

$74.66

$66.95

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