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Question 3: Move it or Lose It Company Option to Abandon Remember to type your answer into the box on Canvas for Question 3 Move

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Question 3: Move it or Lose It Company Option to Abandon Remember to type your answer into the box on Canvas for Question 3 Move it or Lose It Company is a removal business founded by a group of friends who invested $600,000 to acquire 3 trucks. The expected cash flows for years 1 - 5 are as follows: - Boom scenario: $200,000 each year - Base scenarios $160,000 each year - Recession scenario: $50,000 each year If the company realises they are in the Recession Scenario, they could sell the trucks in year 1 and receive $470,000 after tax and liquidate the business. Using this information and the additional information provided on the spreadsheet for Question 3, please calculate the value of the Option to Abandon. Type your answer as a whole dollar amount (no decimals/cents needed, do not type a \$ symbol) in the answer box below

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