Landberg Inc. is considering a project which would require a $$1\mathrm{.}85$ million after$-$tax

investment today $(t=0).$ The after$-$tax cash flows the factory generates will depend on

whether the state imposes a new property tax. There is a $45\%$ probability that the tax will

pass. If the tax passes, the factory will produce after$-$tax cash flows of $$40,000$ at the end

of each of the next $5$ years. There is a $55\%$ probability that the tax will not pass. If the

tax does not pass, the factory will produce after$-$tax cash flows of $$800,000$ for the next $5$

years. The project has a WACC of $10\%.$ If the factory is unsuccessful, the firm will

have the option to abandon the project $1$ year from now if the tax passes. If the factory

project is abandoned, the firm will receive the expected $$40,000$ cash flow at $t=1,$ and

the property will be sold netting $$900,000($after taxes are considered$)$ at $t=1.$ Once the

project is abandoned, the company would no longer receive any cash inflows from it$.$

What is the project's expected NPV if it can be abandoned?