Blazsik.com is considering a plan to develop an online finance tutoring package that has the cost and revenue projections shown below. One of Blazsik$$s larger competitors, Online Professor $($OP$),$ is expected to do one of two things in Year $5$: $(1)$ develop its own competing program, which will put Blazsik$$s program out of business, or $(2)$ offer to buy Blazsik$$s program if it decides that this would be less expensive than developing its own program. Blazsik thinks there is a $35\%$ probability that its program will be purchased for $$5\mathrm{.}6$ million and a $65\%$ probability that it won't be bought, and thus the program will simply be closed with no salvage value. What is the estimated net present value of the project $($in thousands$)$ at a WACC $=10\%,$ considering the potential future purchase?$$Do not round intermediate calculations.

WACC $=$

$10\%$

$$

$$

$$

$$

$$

$$

$0$

$1$

$2$

$3$

$4$

$5$

Original project:

$$$$2,300$

$$400$

$$500$

$$700$

$$700$

$$ $$700$

$$

$$

$$

$$

$$

$$

$$

Future

Prob.

$$

$$

$$

$$

$$

Buys

$35\%$

$$

$$

$$

$$

$$5,600$

Doesn't buy

$65\%$

$$

$$

$$

$$

$$ $$0$

Please complete on excel