Chrustuba Inc. is evaluating a new project that would cost $8.6 million. The company uses a WACC of 9.5%. There is a 60% chance that the project would be highly successful. If the project is highly successful, it would open the door for additional investments in year 2 and sale of the project at the end of year 3. The estimated expected NPV of the highly successful project with growth option is $12,045 (in thousands). However, there is a 40% chance that the project will be unsuccessful and with an estimated NPV of -$7,500 (in thousands). What is the projects expected NPV (in thousands) with the growth option? Do not round intermediate calculations.

		$4,227
		$2,273
		$4,545
		$7,227