Yardie Global is considering expanding a cruise line division next year (t=1) or waiting a year due to public health concerns. The cruise line has a discount rate of 11 percent and has an NPV today (t=0) of $40M. If they wait one year for market research, there is a 30 percent chance that the NPV next year (t=1) could be $150M and 70 percent chance that they will sell the division for $2M. What is the maximum they would pay for this research? $40M $1.80M Nothing, they should not wait