Consider the case of Hack Wellington Co. Hack Wellington Co. is considering a three year project that will require an initial investment of $35,000. It has estimated that the annual cash flows for the project under good conditions will be $40,000 and $10,000 under bad conditions. The firm beleives that there is a 60% chance of good conditions and a 40% chance of bad conditions. If the firm is using the weighted average cost of capital of 13%, the expected net present value of the project is? a. 18,667 b. 117,112 c. 34,223 d. 31,112 Hack Wellington Co. wants to take a potential growth option into account when calculating the project's expected NPV. If conditions are good, the firm iwll be able to invest $5,000 in year 2 to generate an additional cash flow of $18,000 in year year. If condiditons are bad, the firm iwll not make any further investments in teh project. Using the infomation from the preceding problem, teh expected NPV of the is project-when taking the grwoth option into account-is ? a. 36,248 b. 34,436 c. 43,498 d. 32,623 Hack Wellington Co.'s growth option is worth? a. 5,393 b. 5,136 c. 5,906 d. 4,109 e. 4,366 Someone helped me with the first part, with its solution being 31,112. I'm having problems trying to understand this series, please help me with the second and third part. Thank you