You have just discovered a groundbreaking drug. You have approached a venture capitalist, asking for a $60 million investment in your company. You believe that the initial $60 million investment to generate $25 million annual free cash flows indefinitely. The discount rate is 15%. If the venture capitalist agrees to give you the $60 million in exchange for a 40% ownership share in the company, what is the company's "after-the-money" valuation (defined as the valuation for the entire company that is implied by what the venture capitalist paid for the 40% ownership share)?

a.166.7 million

b.24.0 million

c.60.0 million

d.66.7 million

e.150.0 million