求解一道选择题

请问此题如何解，请给下具体步骤
A company exists in a Modigliani and Miller (1961) world with no growth, and has a cost of capital of
10% per annum. Over the next year, it anticipates making net operating income of 7 million, and
investing 3million to fund repair and replacement of production assets. Its value at the end of the next
year is expected to be 18 million. What is its value now?

A   18m

B   20m

C  22m

D   24m

E   26m

公司价值的现值+明年的自由现金流折现=明年末公司价值的折现
其中，明年的自由现金流=NOPAT+D&A-change in NWC- CAPEX=7-3=4
折现率=WACC=0.10
X+4/1.10=18/1.10，解得X=12.7M 感觉没有正确答案呢？除非原题写错了，若是:公司现值是18M, 求明年末的价值可以算出是20M. 感觉原题的选择项，每一个都大于18M, 明年末的价值反倒小于现值，不太对吧？还是我的计算方法哪里有误，盼高人解释。