Opportunity is 2 stage project. Stage 1 is $4 million upfront, with cash flows of $75k for 3 years. Stage 2 option would require additional $8 million 2 years from today. Discount rate is 20%, Annual risk free rate is 4%, Volatility of project returns is est. 150% per annum and is the same for the incremental investment. Based on todays information, the incremental project has a present value in year 2 equal to $12 Million. Is this a good opportunity for us? Provide all calculations.