Question: Chrustuba Inc. is evaluating a new project that would cost $8.6 million. The company uses a WACC of 9.5%. There is a 50% chance that

Chrustuba Inc. is evaluating a new project that would cost $8.6 million. The company uses a WACC of 9.5%. There is a 50% chance that the project would be highly successful. If the project is highly successful, it would open the door for additional investments in year 2 and sale of the project at the end of year 3. The estimated expected NPV of the highly successful project with growth option is $13,032 (in thousands). However, there is a 50% chance that the project will be unsuccessful and with an estimated NPV of $6,091 (in thousands). What is the project's expected NPV (in thousands) with the growth option? Do not round intermediate calculations. Round your final answer to the nearest whole number
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