d. Although the company does not have an option to delay construction, it does have the option to abandon the project 1 year from now if the tax is imposed. If it abandons the project, it would sell the complete property 1 year from now at an expected price of $6 million. Once the project is abandoned, the company would no longer receive any cash inflows from it. If all cash flows are discounted at 12%, would the existence of this abandonment option affect the company’s decision to proceed with the project today?