Singh Development Co. is deciding whether to proceed with Project X. The after-tax cost wouid be $10 million in Year 0 . There is a 50% chance that X would be hugely successful and would generate annual after-tax cash flows of $7 million per year during Years 1,2 , and 3 , However, there is a 50% chance that X would be less successful and would generate after-tax cash flows of only $1 milion per year for the 3 years. If Project X is hugely successful, it would open the door to another investment, Project Y, which would require an after-tax outlay of $11 million at the end of Year Z. Project Y would then be sold to another company hetting $22 million after taxes at the end of year 3 ; 5 ingh's WACC is 13%. a. If the company does not consider real options, what is Project X's expected NPV? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55, Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to three decimal places. 5 million b. What is X's expected Wry with the growth option? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Necative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to three decimal places. 5 milson C. What is the value of the growth option? Enter your answers in millons. For example, an answer of $10,550,000 should be entered as 10,55 . Negative value. If anv. should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to three decimal piaces. $ milion