A Project's Terminal Value Is the _____

A project's terminal value is the _____. 

A) present value of all the cash outflows, including the initial cost of investment
B) cash inflow that is generated in the last year of the project
C) sum of the future values of the cash inflows compounded at the firm's required rate of return
D) sum of the cash inflows after full recovery of the initial investment in the project
E) excess of the cash outflows over the cash inflows generated by the project