Albert now wants to take into account its ability to abandon the project at the end of year $2$ if the project ends up generating the worst$-$case scenario cash flows. If it decides to abandon the project at the end of year $2,$ the company will receive a one$-$time net cash inflow of $$4,000($at the end of year $2).$ The $$4,000$ the company receives at the end of year $2$ is the difference between the cash the company receives from selling off the project$$s assets and the company$$s $$$$1,500$ cash outflow from operations. Additionally, if it abandons the project, the company will have no cash flows in years $3$ and $4$ of the project.

Using the information in the preceding problem, find the expected NPV of this project when taking the abandonment option into account.

$$30,315$

$$23,319$

$$29,149$

$$25,651$

What is the value of the option to abandon the project?