How do I set this problem up in BA II PLUS TI calculator below? Solve this problem below. What is the correct answer and show the answer below? Real Options: Quantitative problems Quantitative Problem 2: Florida Seaside Oil Exploration Company is deciding whether to drill for oil off the northeast coast of Florida. The company estimates that the project will cost $4.05 million today. The firm estimates that once drilled, the oil will generate positive cash flows of $2.025 million a year at the end of each of the next four years. While the company is fairly confident about its cash flow forecast, it recognizes that if it waits two years, it will have more information about the local geology as well as the price of oil. Florida Seaside estimates that if it waits two years, the project will cost $4.74 million. Moreover, if it waits two years, there is a 50% chance that the cash flows would be $2.17 million a year for four years, and there is a 50% chance that the cash flows will be $1.298 million a year for four years. Assume that all cash flows are discounted at a 12% WACC. What is the project's net present value in today's dollars, if the firm waits two years before deciding whether to drill? wrong answer here $ 1.48735 million (to 5 decimals)