Green Motors Expects a New Hybrid-Engine Project to Produce Incremental

Green Motors expects a new hybrid-engine project to produce incremental cash flows of $45million each year, and expects these to grow at 5% each year. The upfront project costs are $380 million and Green's weighted average cost of capital is 8%. If the issuance costs for external finances are $10 million, what is the net present value (NPV) of the project?

A) $990 million
B) $1200 million
C) $1110 million
D) $1125 million