calculator only no excel

Assume that you have just been hired as a financial analyst by Tropical Sweets Inc., a mid-sized California company that specializes in creating cxotic candics from tropical fruits. The firm's CEO has asked you to prepare a brief on possible outeomes of the project the company is planning. Use millions as your unit of measurement, i.e. do not write out the entire dollar amount, it will be hard to calculate variance otherwise. No points will be taken off for rounding. a. Tropical Sweets is considering a project that will cost $115 million and will generate expected cash flows of $101 million per year for three years. WACC is 10%. After discussions with the marketing department, you leam that there is an 80% chance of high demand, with future cash flows of $120 million per year. There is a 20% chance of low demand, with Cash flows of only $25 million per year. What is the E(NPV) and CV of the project as is? Show decision tree (IOpts) b. Now suppose the project cannot be delayed, but if Tropical Sweets implements the project there will exist an opportunity to rerun it, thus there exists a growth option. The firm will replicate the original project at the end of ots life, if it adds value only (for total of 6 years including the original project). What are the E(NPV) and CV of the project with the growth option? c. Assuming the variance of the project's return when the option expires is 15.00%, I have calculated values of N(d1) and N(d2) for you to use, which are as follows: N(d1)=0.9102 and N(d2)=0.7490 - Now calculate the value of the option to expand the project using Black \& Scholes option pricing model - Show separate calculations for the value of P for using as an input in Black \& Scholes, And provide all other inputs to the model clearly marked. Rrf =6% - Also, show the value of the project with the option to grow (where the value of the option is calculated with Black \& Scholes approach, and the value of the project without the option is NPV from part a) of this problem, so show me the sum of the two. (10pts)