You are considering a project with an opportunity cost of $10\%$ and that offers up the following two possible payouts based on your ability to market the product:

In the optimistic state, you expect the following payouts: $-$$$4711,$ $$8,000,$ $$8,000.$ Based on your pessimistic expectations, you expect the following $-$$$4711,-$$$500,-$$$10,000.$ The cash flows fall at time periods $0,1,$ and $2.$

Your sense is that there is a $40\%$ chance things will turn out well and a $60\%$ chance things will turn out poorly. What is your expected NPV if you are able to abandon the project after year one?