QUT Entertainment Launches a project that trains its trainees to form a new band in 2021. According to the marketing team, the training will cost $1.5 million per year, paid at the end of each year, and the company plans to train them next four years (2021-2024). If the training is successful, then firm will be preparing to make their debut in Australia. The probability of success is 80%. In this case, additional investment will be needed to release their debut album. The one-time investment will cost $30 million in 2025, and the firm expects that the boy band will make profit of $10 million from 2026 to 2030. If the training is not successful, then the company can just release the trainees in 2025. Assume that the current five-year discount rate is 9.7%, and the discount rate will be 21.4%, 3.2%, 2.7% or 1.4% from 2026. Assume that the risk-neutral probability of each possible rate id the same. What is the value today of this project?