Could you please answer this multiple choice while giving a brief explanation?

express.Ims.monash.edu/mod/quiz/attempt.php?attempt=2097&cmid=113&page=16 A project requires an initial investment in equipment and machinery of $10 million. The equipment is expected to have a five-year lifetime with no salvage value and will be depreciated on a straight-line basis. The project is expected to generate revenues of $5.1 million each year for the five years and have operating expenses (not including depreciation) amounting to one-third of revenues. Assume the tax rate is 40% and the cost of capital is 10%. What is the net present value of the project? (choose the nearest number) Select one: O a. $2.89 million O b. -$2.27 million O c. - $6.82 million O d. $0.77 million Nex