Samoolo Corp. is considering the introduction of a new line of products which could increase its after tax cash flows by $10 million in the first year and by 3.00% every year thereafter (in perpetuity). If the cost of introducing the new product line is $40 million today, and its WACC is 9.40% , what is the NPV of the project (in millions)?

Select one:

a. $116.25

b. $293.33

c. $156.25

d. $120.94

e. $66.38