Berkeley Studios, which currently sells art products, is considering project which would involve teaching art lessons. For most of its existence Berkeley Studios sold art products, taught art lessons and painted murals. Project would require an initial investment of 587.300 today and is ekpected to produce annual cash flows of $10.200 each year forever with the first annual cash flow expected in 1 year. What is the NPV of project based on the information in this paragraph and the following table and applying the pure play approach to determining project's cost of capital? Firm Une of business WACC Berkeley Studios Sells art products 7.7 percent Frisco Frescos Paints murals at residential and commerces ghts 4.4 percent NorCal Art Teaches art lessons 8.2 percent Artlactos Ses art products, teaches art lessons & paints murals 9.5 percent a. 537,090 plus or minus 5101 6.545.168 (plus or minus 510) c. $144.518 (plus or minus 510) d. 520,068 plus or minus 510) e. None of the above is within $10 of the correct