You run a construction firm. You have just won a contract to build a government office complex. Building it will require an investment of $9.9 Million today and $5.1 million in one year. The government will pay you $21.7 million in one year upon the buildings completion. Suppose the interest rate is 10.6%.

a. What is the NPV of this opportunity?

The NPV of the proposal is $__ million. (Round to two decimal places)

b. How can your firm turn this NPV into cash today?

A. The firm can borrow $19.62 Million today and pay it back with 10.6% interest using the $21.7 million it will receive from the government.

B. The firm can borrow $24.23 Million today and pay it back with 10.6% interest using the $21.7 million it will receive from the government.

C. The firm can borrow $15.0 Million today and pay it back with 10.6% interest using the $21.7 million it will receive from the government.

D. The firm can borrow $15.0 Million today and pay it back with 10.6% interest using the $19.62 million it will receive from the government.