Tanner Inc. is considering a project which would require a $3.5 million investment today (t = 0).The after-tax cash flows the factory generates will depend on whether the state imposes a new property tax.There is a 40% probability that the tax will pass.If the tax passes, the factory will produce after-tax cash flows of $465,000 at the end of each of the next 5 years.There is a 60% probability that the tax will not pass.If the tax does not pass, the factory will produce after-tax cash flows of $1,225,000 for the next 5 years.The project has a WACC of 10%.If the factory is unsuccessful, the firm will have the option to abandon the project 1 year from now if the tax passes.If the factory project is abandoned, the firm will receive the expected $465,000 cash flow at t = 1, and the property will be sold netting $1.95 million (after taxes are considered) at t = 1.Once the project is abandoned, the company would no longer receive any cash inflows from it.What is the project's expected NPV if it can be abandoned?

a.-$8,685.39

b. +$164,410.09

c. +$654,061.94

d. +$911,546.22

e.+$1,143,713.79