You work for Just Bricks LLC.. Your firm is evaluating whether it should both set up some production facilities and launch its latest and greatest product - the Ultimate Rectangle Brick 9001 in a foreign country currently experiencing a housing construction boom. If Just Bricks LLC. accepts the project, you estimate it will provide the firm will provide the following annual free cash flows (FCFs): The project would require immediate capital expenditure (and other up-front investment costs) of $111.00 million. In addition, you estimate that the appropriate cost of capital for brick projects of this risk class is 26.0% per annum. Unfortunately, the far off land of this project is experiencing a populist movement where foreign firms such as Just Bricks LLC. are at risk of having their assets expropriated. You now estimate that there is a 15% chance in any given year that your Ultimate Rectangle Brick 9001 project assets will be expropriated without compensation. The cost of capital of 26.0% p.a. mentioned previously does not factor in any such risk of expropriation. Which of the following is closest to the NPV of the project factoring in this risk of expropriation without compensation? a. $22.28m b. $18.70m c. $25.18m d. $21.83m e. $23.38m f. $20.85m g. $19.75m h. $24.01m