TJX Company is considering the introduction of a new model of lawn mowers. The initial outlay required is $92.05 million. Net cash flows over the 4-year life cycle and the corresponding certainty-equivalents of the new model are as follows: Year Net Cash Flow Certainty-equivalent Factor 1 $28.8 million 0.81 2 $43.2 million 0.72 3 $50.4 million 0.60 4 $36.0 million 0.54 The firm's cost of capital is 20% and the risk-free rate is 5.20%. TJX Company uses the certainty-equivalent approach in evaluating above-average risk investments such as this one. What is the project's certainty-equivalent NPV? Question 12 options: $75,785.79 $8,477,777.78 $47,043,532.11 -$24,135,000.00