Your new factory will generate a net cash inflow of 10 million in Year 3 of its operations (the third year after its construction).

Your discount rate for investment appraisal purposes is 10%.

What is the net present value of the net cash inflow for Year 3?

Select one:

a. 10,000

b. 7 million

c. 7.51 million

d. 13.31 million