Good Afternoon can some please workout the correct answer to this question Thnaks!

You are estimating the cash flows of a project. You find that if implemented today, the project will cost $15 million and will generate positive cash flows over the next seven years. There are four possibilities. If th economy grows at a regular rate ( 40% probability), the project will annually generate $32 million. If th economy grows slowly ( 30% probability), the project will annually generate $27. If the economy boom (15\% probability), the project will annually generate $35 cash flow in each of the following seven years. the economy enters into a recession (15\% probability), the project will annually generate $22 million. Ther is an equal probability of the boom and recession scenarios. The cost of capital for the project is 7.5%, and the risk-free rate is 2.5%. Now you have a real option to wait for one year and then implement the project. If the project is implemented next year, the project cost goes up by 2.5%, but you will know the economic situation with certainty. As a result, you will not implement the project if the new NPV under an economic scenario becomes negative. Assuming nothing else changes even if you wait for a year, find out the value of this real option of implementing the project after waiting a year. Do you exercise the real option? Show all your works, steps, and calculations. You may upload a word or excel file