Real Options A Part 2: The bankers at UBS see the real option here. If your trading strategy proves to be successful, they plan to give you $50 M at t=1 to invest to get back $75 M a year later at t=2. With this expansion option, what is the NPV of this investment? (Hint: Draw a timeline of cash flows for the successful outcome.) Please write legibly and if you use Excel make sure to show your formulas and steps. I will rate your answer.