'Winters Corp. is considering a new product that would require an after-tax investment of 818 million now, at t = o. If the new product is well reoeiyed= then the project would produce aftertax cash ows of Sgto million at the end of each of the next 3 years {t = :.= 2, 3}= but if the market did not like the product= then the aftertax cash ows would be only 34.o million per year. There is a 50% probability that the market will be good. The rm could delay the project for a year while it conducts a test to determine if demand is likely to be strong or weak. The project's aftertax cost and expected annual after-tax cash ows would be the same whether the project is delayed or not. The project's 'WACC is 11396. 'What is the yalue {in thousands] of this investment timing option to delay the project? Do not round intermediate calculations. 0 a. $3.598 Q b.52,116 c. $1.??? 15139? 000 e. $93