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