Suppose that you have acquired the exclusive rights to open a Chick-Fil-A on campus. Setup costs are $500 thousand and the monthly expenses are $12 thousand. If demand for Chick-Fil-A is strong monthly revenues will be $20 thousand, however if demand is weak monthly revenues will be $10 thousand. You will be able to determine the demand immediately after you open. Assuming that the project's cost of capital is 5%, that the beta of the project is zero, that the risk neutral probability of strong demand is 0.50, and that as part of your contract you have the option close the Chick-Fil-A two years from now. What is the value of this option to close in two years? Submit your answer in thousands.