Suppose Coca-Cola Amatil is considering introducing a new soft drink. The firm believes that the product will become an instant success. The cost of bringing the new beverage to market is $200 million, but Coca-Cola Amatil expects first year incremental free cash flows from it to be $100 million and will be growing at 3% per year thereafter. The company’s equity beta is 0.32, cost of equity is 7.2%, cost of debt is 8.4%, equity accounts for 36% of its capital structure and the company’s tax rate is 30%. What is the project’s NPV? a) $1,813 million b) $990 million c) $2,780 million d) $1,189 million e) Cannot be determined without additional information.