CCSU Properties is considering buying a land for $7.5 million. Peet plans to spend another $7.5 million today (t = 0) to build a factory. The factory after-tax cash flows the factory generates will depend on whether the state imposes a new property tax (50%-50%). If the tax passes, the factory will produce after-tax cash flows of $2 million at the end of each of the next 5 years. And if not, the factory will produce after-tax cash flows of $6 million for the next 5 years. The project has a WACC of 12%. The firm may have the option to abandon project 1 year from now if the tax passes. If the factory project is abandoned, the firm will collect the year 1 cash flow, AND sell the property at the end of year 1 for $12 million (assume this includes all tax effects). Once the project is abandoned, the company would no longer receive any cash inflows from it. What is the expected NPV if the company does not have the option to abandon the project? What is the expected NPV if the company has the option to abandon the project? CCSU Properties is considering buying a land for $7.5 million. Peet plans to spend another $7.5 million today (t = 0) to build a factory. The factory after-tax cash flows the factory generates will depend on whether the state imposes a new property tax (50%-50%). If the tax passes, the factory will produce after-tax cash flows of $2 million at the end of each of the next 5 years. And if not, the factory will produce after-tax cash flows of $6 million for the next 5 years. The project has a WACC of 12%. The firm may have the option to abandon project 1 year from now if the tax passes. If the factory project is abandoned, the firm will collect the year 1 cash flow, AND sell the property at the end of year 1 for $12 million (assume this includes all tax effects). Once the project is abandoned, the company would no longer receive any cash inflows from it. What is the expected NPV if the company does not have the option to abandon the project? What is the expected NPV if the company has the option to abandon the project