Using the constant chain of replacement in perpetuity method, calculate the net present value of a project with the following cash flows.Assume the required rate of return is 10% p.a. Initial Outlay $10,000; Year 1 $10,000; Year 2 $20,000; Year 3 $30,000

Select one:

a. $38,159

b. $153,444

c. $381,596

d. $148,308