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Estimate the value of a 1-year option to delay using decision tree analysis. Enter your answer in millions, rounded to the nearest million (e.g., 50

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Estimate the value of a 1-year option to delay using decision tree analysis. Enter your answer in millions, rounded to the nearest million (e.g., 50 for $50.49 million): Upfront cost: 100 (million) Year 1 CF: 120 if demand is high ( 50% chance), 82 if demand is low ( 50% chance) Project ends after one year with no salvageable equipment. The discount rate is 16%

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