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When a project is a success, the NPV of the project is $600,000. When the project is a failure, the project can continue until completion

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When a project is a success, the NPV of the project is $600,000. When the project is a failure, the project can continue until completion and generates a $200,000 NPV. The project can be abandoned at year 1, which generates a $300,000 NPV. If probability of success and failure are 40% and 60%, respectively, what is the value of the abandonment option? $100,000 $0 -$100,000 $40,000 O-$60,000

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