Your division is considering two projects with the following cash flows. Project A costs $225 million and has cash flows of $130 million in year 1, $100 million in year 2, and $75 million in year 3. Project B costs $160 million and has cash flows of $95 million in year 1, $75 million in year 2, and $60 million in year 3. What is Project A's net present value if the WACC is 5%?

A. $39.77 million

B. $48.95 million

C. $54.30 million

D. $58.78 million

E. $71.25 million