his question has multiple parts.) ou can invest in a project either now or next year. If it is successful, you get an expected cash flow of $75 million the following year the year after investing). If it is unsuccessful, you get an expected cash flow of $9 million the following year (the year after investing). The project costs $20 million at the time of the initial investment and has a discount rate of 10%. The chance of success is 50%. Answer the following questions: 2. If you wait a year, you will know whether the project will be successful (the chance of success is still 50%). What is the NPV today of the project if you decide to wait a year before making your decision? S 18.18 million (round to two decimals) 3. What is the value of the option to wait? $_million (round to two decimals) 4. How much would you be willing to pay to acquire this option to wait? You should be willing to pay up to $_million to acquire this option. (round to two decimals) Enter your answer in each of the answer boxes. Ap esc ? * a # 7 2. 3 $ 4 % 5 6 & 7