Suppose that to fund this new project,Aardvark borrows $120 million with the principal to be paid in three equal installments at the end each year.The levered value of Aardvark's new project is closest to:

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B) r_U = 11ea7e5a_6eea_0be8_9a0a_57d1d60f6f36_TB1623_11 r_E + 11ea7e5a_6eea_0be9_9a0a_039b5cb2ab00_TB1623_11 r_D r_U = 11ea7e5a_6eea_0bea_9a0a_c1e4e6309669_TB1623_11 _.12 + 11ea7e5a_6eea_32fb_9a0a_13abcb0986e0_TB1623_11 .07_{= 10.0%} V^U = 11ea7e5a_6eea_32fc_9a0a_33d2bebc28be_TB1623_11 + 11ea7e5a_6eea_32fd_9a0a_c1957ba20adc_TB1623_11 + 11ea7e5a_6eea_32fe_9a0a_358f367bd799_TB1623_11 = $202.10 PV(interest tax shield) = 11ea7e5a_6eea_32ff_9a0a_f9eb3db9e099_TB1623_11 + 11ea7e5a_6eea_5a10_9a0a_e12ba22ed0d1_TB1623_11 + 11ea7e5a_6eea_5a11_9a0a_4dd46e283f80_TB1623_11 PV(interest tax shield) = 11ea7e5a_6eea_5a12_9a0a_7f40705264be_TB1623_11 + 11ea7e5a_6eea_5a13_9a0a_21690f1f2799_TB1623_11 + 11ea7e5a_6eea_5a14_9a0a_1d9ff46a061e_TB1623_11 = $5.2596 V^L = V^U + PV(interest tax shield) = $202.10 + $5.26 = $207.36

Suppose That to Fund This New Project,Aardvark Borrows $120 Million