Carlson Inc. is esaluating a project in India that would require a 35.8 million aftertax investment today (t = o}. The aftertax cash ows would depend on whether India imposes a new property tax. There is a 5050 chance that the tax will pass: in which case the project will produce aftertax cash ows of 81,20 o,o oo at the end of each of the next 5 years. If the tax doesn't pass, the aftertax cash ows will be 32.00 o:o oo for 5 years. The project has a WACC of 11.696. The rm would have the option to abandon the project 1 year from now, and if it is abandoned= the rm would receive the expected 31.20 million cash ow at t = 1 and would also sell the property and receive 34.65 million after taxes at t = 1. If the project is abandoned: the company would receive no further cash inows from it. 'What is the value (in thousands] of this abandonment option? Do not round intermediate calculations. 0 a.$48? O b.5436 O c.$452 O d.ST-"95 v" Show Micros: H" Show Networl V Show Networl CI e. $25