Wilson's Antiques is considering a project with an initial cost today of $5,000. The project has a life of 2 years with cash inflows of $4,000 a year. Should the firm decide to wait one year to commence this project, the initial cost will increase by 10 percent, and the cash inflows will increase to $5,000 a year. What is the value of the option to wait at a discount rate of 8 percent