5 pts Now suppose that there is an option to abandon the project after 1 year! . So the project costs $137,000 to begin today. This begins phase 1 There is learning involved in the first year. Proceed to phase 2 only if phase 1 is promising. There is a 10% chance that phase 1 will be promising. . If phase 1 is promising invest $2.75 million next year and build the plant. It will generate $350,000 per year forever (starting the year after) and is almost risk free. If phase 1 is not promising abandon the project.. What is the NPV of the project? Company WACC = 12% Company cost of debt = 7% . $0 0-$122.119 thousand too $63.89 thousand $73.28 thousand