16. First do problems 9.12 to 9.14 in your textbook before you answer the following questions. The information here pertains to the next three questions. A project requires an investment of $72 million. It can yield either a perpetual yearly cash flow of $8 million with a probability of 0.40 or $5 million with a probability of 0.60. There are no taxes. The cash flow observed in the first year will be repeated in all subsequent years. After observing the cash flow from the project in the first year, the scale of the project can be doubled increased after an additional investment of $72 million. The discount rate is 10%. If the project in the above question can be abandoned after 1 year if the lower of the two cash flows is observed, what should be the minimum abandonment value so that the project is just acceptable? A. $68.23 million B. $68.33 million C. $68.43 million D. $68.53 million $68.63 million