Trent Tech, a global security company, is considering building a new plant (Plant 1) to take advantage of innovations in surveillance technology. In about three years the plant capacity may be expanded to allow Skyfall's entry into a new market (Plant 2).The cost of capital for this project is 12%. The long-term growth rate of the cash flows of the project is 5%. The standard deviation of the project value is 40% and the risk-free rate is 5.5% per year. What is the value of this option to expand?(6 pts.)