The projected value (in millions of dollars) of a large manufacturing company is modeled by the function V (t) = 230 (1.12) t, where V (t) is the value of the company t years after 2018. What does 230 represent in the function?
A) The growth factor of the company.
B) The value of the company in 2018.
C) The projected value of the company.
D) The value of the company after t years.
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