Componies 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 optians. Consider the case of Mitata Co.: Mitata Co, is considering a three-year project that will require an initial investment of $45,000. It has estimated that the annual cash fiows for the project under good conditions will be $50,000 and $7,000 under bod 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.) Mitata Co. wants to take a potential growth option into account when calculating the project's expected NPV, If conditions are good, the firm will be able to invest $3,000 in year 2 to generate an additoonal cash fiow of $23,000 in year 3 . If conditions are bad, the firm will not make any further investments in the project. Using the information from the preceding groblem, the expected NPV of this project-when taking the growth option into account-is (Note; Round your answer to the nearest whole dollar.) Mitata Cois growth option is worth (Note: Round your answer to the nearest whole dollar.)