Please use the Excel file "Topic #$3($Real Option Synergies Valuation$)($Ch$11).$xlsx$"$ posted on Canvas $-$ to solve this question.

A company possesses a growth opportunity $($a patent$)$ with the following parameters: $(1)$ present value of the expected cash flows form the new technology is $$300$ million; $(2)$ in order to implement it the company must invest $$400$ million; $(3)$ the patent protection is for $10$ years; and $(4)$ the uncertainty about the returns from the project is $40\%.$ If the risk$-$free rate is $2\%,$ what is the value of this growth opportunity?

$$300$ million

$$239\mathrm{.}4$ million

$$134\mathrm{.}9$ million

$$120$ million