What is the approximate amount you would be willing to pay for the following stream of risky cash flows if your risk-adjusted discount rate is 8%: Year 1 = $8. The cash flow from year 1 is expected to grow by 10% in each of years 2 and 3. After that, the cash flow is expected to grow at 5% forever.

a)$282

b) $361

c) $338

d) $292