Jim Mosley is interested in building a new hotel in Limerick, Ireland. His company estimates that the hotel would require an initial investment of $15 million, would produce positive cash flows of $4 million a year at the end of each of the next 20 years and can be salvaged (after-tax) for $25 million at t=20. The company recognizes that the cash flows could, in fact, be much higher or lower, depending on whether that area becomes a popular tourist area. It is believed that at the end of three years, a 30 percent chance exists that tourism will NOT be spreading in that direction and yearly cash flows will be only $3 million for 20 years with an after-tax salvage value of $19 million, and an 70 percent chance exists that tourism WILL be heading that way and the yearly cash flows will be $7 million for 20 years with an after-tax salvage value of $26 million. If the firm waits three years, the initial investment will be $17 million. The project's cost of capital is 11 percent. Should the firm proceed with the project today or should it wait three years before deciding? (Round to the nearest dollar.) O a Wait 3 years, the NPV of building today is $2,914,364 worse than the NPV for waiting three years. b. Walt 3 years, the NPV of building today is $3,554,896 worse than the NPV for waiting three years, O c. Wait 3 years, the NPV of building today is 3,122,982 worse than the NPV for waiting three years. d. Build it now since the NPV of building today is $560,922 better than the NPV for waiting three years. e. Build it now since the NPV of building today is $147,941 better than the NPV for waiting three years