Question: You may use Excel function to calculate the answer. Consider an investment project that is expected to generate $100 million, $300 million, $300 million and

You may use Excel function to calculate the answer. Consider an investment project that is expected to generate $100 million, $300 million, $300 million and a negative $50 million because of disposal cost involved, at the end of year 1, year 2, year 3 and year 4, respectively. Assume the annual required return is 8%. What is the present value of this investment project?

Select one:

a. $520.75 mil

b. $551.19 mil

c. $511.33 mil

d. $600.25 mil

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