All American Telephones Inc. is considering the production of a new cell phone. The project will require an after$-$tax investment of $$17$ million. If the phone is well received, the project will produce after$-$tax cash flows of $$11$ million a year for $3$ years, but if the market does not like the product, the after$-$tax cash flows will be only $$2$ million per year. There is a $50\%$ probability of both good and bad market conditions. All American can delay the project a year while it conducts a test to determine whether demand will be strong or weak. The delay will not affect the dollar amounts involved for the project's after$-$tax investment or its after$-$tax cash flows$-$only their timing. Because of the anticipated shifts in technology, the $1-$year delay means that after$-$tax cash flows will continue only $2$ years after the initial investment is made. All American's WACC is $13\%.$ What action do you recommend? Enter your answers in millions. For example, an answer of $$10,550,000$ should be entered as $10\mathrm{.}55.$ Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to three decimal places.

NPV without waiting: $ $$ million

NPV of waiting $1$ year: $ $$ million

The best choice is $[$