You are the CFO of a major pharmaceutical firm. A division manager has presented senior management with an investment opportunity. The project would require an investment of $95 million todayIf the project succeeds, it will be worth $1 billion in a year. You estimate that there is only a 10% chance that the venture would succeed. If it fails, then in a year you will scrap the project and all of your firm’s $95 million investment will be lost. Whether the venture succeeds or fails is independent of general market conditions. The risk-free rate is 3%, the expected return of the market is 12%, and the standard deviation of the market return is 20%. Ignore taxes. What is the NPV of the project?a. $775 millionb. $870 millionc. $2.1 milliond. -$95 million