XYZ is evaluating a project that would last for 3 years. The project's cost of capital is 14.60 percent, its NPV is $45,200.00 and the expected cash flows are presented in the table. What is X? Years from today 0 1 2 3 Expected Cash Flow (in $) -54,300 71,700 -15,600 X

a. An amount equal to or greater than $68,028.00 but less than $78,903.00

b. An amount equal to or greater than $62,355.00 but less than $68,028.00

c. An amount less than $45,200.00 or an amount greater than $78,903.00

d. An amount equal to or greater than $45,200.00 but less than $55,466.00

e. An amount equal to or greater than $55,466.00 but less than $62,355.00