Companies often come across projects that have positive NPV opportunities in which the company does not invest. Companies must evaluate the value of the option to invest in a new project that would potentially contribute to the growth of the firm. These options are referred to as growth options. Consider the case of Hack Wellington Co.: Hack Wellington Co. is considering a three-year project that will require an initial investment of $55,000. It has estimated that the annual cash flows for the project under good conditions will be $80,000 and $11,000 under bad conditions. The firm believes that there is a 60% chance of good conditions and a 40% chance of bad conditions. If the firm is using a weighted average cost of capital of 13%, the expected net present value (NPV) of the project is . (Note: Round your answer to the nearest whole dollar.) Hack Wellington Co. wants to take a potential growth option into account when calculating the project's expected NPV will be able to invest $6,000 in year 2 to generate an additional cash flow of $21,000 in year 3 . If conditions are bad, further investments in the project. Using the information from the preceding problem, the expected NPV of this project-when taking the growth option into account-is (Note: Round your answer to the nearest whole dollar.) Hack Wellington Co.'s growth option is worth . (Note: Round your answer to the nearest whole dollar.)