A biotech drug company is considering investing $2 million today in an experimental new vaccine. If it is successful, it can be sold off in 1 year to a large pharmaceutical company for $100 million. If the vaccine fails it will be worthless. There is only a 2% chance that it succeeds. If the required return is 15%, what is the NPV of this investment? Group of answer choices:

-525,

480

-260,870

0

10,250

120,250

166,667