HiHo Inc Is Evaluating a Merger with the Following Cash Flows

HiHo Inc. is evaluating a merger with the following cash flows:
- Years 1-3 Incremental Cash Flows: $10 million each year
- Value of incremental cash flows after year 3 as of the end of year 3: $30 million
- Discount rate = 10%
What is the most HiHo should pay for this merger?

A) $38.53 million
B) $41.09 million
C) $47.41 million
D) $51.27 million