Pus Question 25 Your firm is considering a project which will cost $25 million after-lax today and is expected to generate after-tax cash flows of $10 million per year at the end of the next 4 years. If the company wails for 2 years, the project will cost $27 million aller-lax and there is a 90% chance that the project will generale $12 million per year for four years and a 10% chance that the project will generale $6 million per year for 4 years. Assume all cash flows are discounted at 11%. Estimate the value of the timing oplion. O $1.29 million O $1.82 million o $1.88 million $1.45 million $1.67 million