A company is considering a project. It has only 10% de' t in its capital structure, with a pre-tax cost of 8%. It has a beta of 1.4; the risk free rate is 5%, and the equity risk premium is 6.5%. The project would be 90% equity funded. This would require an investment of $700,000 at the end of year 5 and would produce a stream of cash flows with a present value of $650,000 at the end of year 5. The volatility of the cash flows is 35%. Assume WACC is 13.25%. The company considers this project to be a real option. Find the value of this real (call) option