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 $15,000 per year. The best-case cash flows are projected to be $22,000 per year, and the worst case cash flows are projected to be $1,500 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 conse 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 it the project's cost of capital is 14%? O $21,786 O $20,697 $22,875 O $23,965 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 flow of $3,000 (at the end of year 2). The $3,000 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 -$1,500 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. O $27.752 $25,440 526,596 $20,697 $22,875 O $23,965 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 $3,000 (at the end of year 2). The $3,000 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 -$1,500 cash outflow from operations. Additionally, if it abandons the project, the company will have no cash Hows in years 3 and 4 of the project, Using the information in the preceding problem, find the NPV of this project when taking the abandonment option into account $1,006 $27,752 51,341 $25,440 51,073 0 $26,596 $939 $23,127 $1,140 What is the value of the option to abandon the project