Question: If Spitfire elects to do the project, what is an abandonment option at the end of year 1 worth if Spitfire can recover $8 million

If Spitfire elects to do the project, what is an abandonment option at the end of year 1 worth if Spitfire can recover $8 million of the initial investment into other uses at that time? If the recovery is $13 million?

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