Carlson Inc. is evaluating a project in India that would require a $$5\mathrm{.}7$ million investment today $($t $=0).$ The after$-$tax cash flows would depend on whether India imposes a new property tax. There is a $50-50$ chance that the tax will pass, in which case the project will produce after$-$tax cash flows of $$1,250,000$ at the end of each of the next $5$ years. If the tax doesn't pass, the after$-$tax cash flows will be $$1,800,000$ for $5$ years. The project has a WACC of $11\mathrm{.}8\%.$ The firm would have the option to abandon the project $1$ year from now, and if it is abandoned, the firm would receive the expected $$1\mathrm{.}25$ million cash flow at t $=1$ and would also sell the property for $$4\mathrm{.}85$ million at t $=1.$ If the project is abandoned, the company would receive no further cash inflows from it$.$ What is the value $($in thousands$)$ of this abandonment option? Do not round intermediate calculations.

a$.$

$$346$

b$.$

$$317$

c$.$

$$289$

d$.$

$$245$

e$.$

$$303$