Intro A project costs $78 million and has expected cash flows of $6 million forever. The annual standard deviation of the project's returns is 80%. The company can delay the start of the project by 1 year to find out more about the demand for the product. If the company decides to go ahead with the project after 1 year, the company needs to invest $68.18 million. The appropriate discount rate for the project is 8% (EAR) and the risk-free rate is 4% (continuously compounded). Part 1 Attempt 1/10 for 10 pts. What is the NPV of the project ignoring the option to delay (in $ million)? 0+ decimals Submit IB | Attempt 1/10 for 10 pts. Part 2 What is the value of the option to delay (in $ million)? 1+ decimals Submit