Galbraith Co. is considering a four-year project that will require an initial investment of $15, 000. The base-case cash flows for this project are projected to be $14, 000 per year. The best-case cash flows are projected to be $26, 000 per year, and the worst-case cash flows are projected to be -$4, 500 per year. The company's analysts have estimated that there is a 50% probability that the project will generate the base-case cash flows. The analysts also think that there is a 25% probability of the project generating the best-case cash flows and a 25% probability of the project generating the worst-case cash flows. What would be the expected net present value (NPV) of this project if the project's cost of capital is 1l%? $22, 223 $21, 054 $23, 393 $25, 732 Galbraith now wants to take into account its ability to abandon the project at the end of year 2 if the project ends up generating the worst-case scenario cash flows. If It decides to abandon the project at the end of year 2, the company will receive a one-time net cash inflow of $4, 500 (at the end of year 2). The $4, 500 the company receives at the end of year 2 Is the difference between the cash the company receives from selling off the project's assets and the company's -$4, 500 cash outflow from operations. Additionally, If it abandons the project, the company will have no cash flows in years 3 and 4 of the project. Using the Information In the preceding problem, find the expected NPV of this project when taking the abandonment option into account. $26, 783 $34, 818 $30, 800 $25, 444 What Is the value of the option to abandon the project