All American Telephones Inc. is considering the production of a new cell phone. The project will require an investment of $$13$ million. If the phone is well received, the project will produce cash flows of $$8$ million a year for $3$ years, but if the market does not like the product, the 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 investment or its cash flows$$only their timing. Because of the anticipated shifts in technology, the $1-$year delay means that cash flows will continue only $2$ years after the initial investment is made. All American$$s WACC is $8\%.$ What action do you recommend?