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A company is considering buying a new manufacturing line for their water. The line costs $19,200,000 but the sales and marketing team can't agree on the annual sales volume. Using 3 different options, what is the expected NPV of this project at a required return of 14% and an 8 year life?

option a

Sales start at 4,500,000 in the first year, they grow at 15% per year until year 5

option b

Sales start at 4,000,000, they grow at 10% until year 5

option c

they start at 3,000,000, they grow at 5% until year 5