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 $60 million each year, and expects these to grow at 4% each year. The upfront project costs are $420 million and Green's weighted average cost of capital is 9%. If the issuance costs for external finances are $15 million, what is the net present value (NPV) of the project?

A) $790 million
B) $805 million
C) $765 million
D) $710 million