You are considering to join a fast-food chain shops either now or in two years. The cost to open a shop is $8 million according to the contract. If you open the shop immediately, you expect it to generate $0.9 million in free cash flow the first year, and these cash flows are expected to grow at a rate of 3.5% per year, based on your prediction of the product market. Given the cost of capital is 13%, risk-free rate is 3%, and appropriate business volatility is 60%, the value of the project is closest to: Select one: 

A. $1.3 million 

B. $2.7 million 

C. $2.1 million 

D. $1.7 million 

E. $3.1 million 

F. $2.4 million

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