Questions 25 to 27 refer to the following information: It is now July and you have been offered the following deal for a vacation to Europe in July next year. If you pay for your vacation now, the whole holiday, including flights and accommodation will cost $3,000. However, if you cannot travel due to COVID-19 travel restrictions, you will not get a refund. If you wait until the last minute to go, the vacation will cost $10,000. There is a 70% probability that you will not be able to go on your holiday. You estimate that the pleasure you get from going on your European vacation is worth $15,000. Assume your cost of capital is 6%. Question 25 1 pts The NPV of booking today is: O $1.500 O $7,500 O $1,245 O $12,000