Project HYNES has an upfront after$-$tax cost of $$120,000.$ The project is expected to produce frer$-$tax cash flows of $$53,000$ at the end of each of the next $4$ years. The project has a VACC of $10\mathrm{.}5\%$

wever, if the company waits a year, they will find out more information about market dition and its effect on the project's expected after$-$tax cash flows. If they wait a year,

There's a $60\%$ chance that the market will be strong and the expected after$-$tax $C$ will be $$63,000$ a year for four years.

There's a $40\%$ chance that the market will be weak and the expected after$-$tax will be $$43,000$ a year for four years.

Project's initial after$-$tax cost $($at $t=1)$ will still be $$120,000.$

he company go ahead with the project today or wait for one more year?