Your firm is considering a project that will cost $4.55 million upfront, generate cash flows of $5 million per year for three years, and then have a cleanup and shutdown cost of $6 million in the fourth year. Assume a discount rate of 10% per annum, what is the NPV of this project?

a. The NPV of this project is $3.44 million

. b. The NPV of this project is $3.34 million.

c. The NPV of this project is $10.89 million.

d. None of the other answers are true