Galbraith Co. is considering a four-year project that will require an initial investment of $15,000. The base-case cash flows for this project are $3,000 per year. The company's analysts have estimated that there is a 50% probability that the project will generate the cash fouse analysts also think that there is a 25% probability of the project generating the best-case cash flows and a 25% probability of the project gent the worst-case cash flows. What would be the expected net present value (NPV) of this project if the project's cost of capital is 11% ? $14,422$15,223$17,626$16,024 Galbraith now wants to take into account its ability to abandon the project at the end of year 2 if the project ends up generating the worst-case scenario cash flows. If it decides to abandon the project at the end of year 2 , the company will receive a one-time net cash inflow of $4,500 (at the end of year 2). The $4,500 the company receives at the end of year 2 is the difference between the cash the company receives from seling the project's assets and the company's $3,000 cash outflow from operations. Additionally, if it abandons the project, the company will have no cash flows in years 3 and 4 of the project. Using the information in the preceding problem, find the expected NPV of this project when taking the abandonment option into account. $22,307$20,448$18,589$19,518 What is the value of the option to abandon the project