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Your firm is considering a project with the following after-tax cash flows (in $millions) Cases Probability t = 0 t = 1 t = 2

Your firm is considering a project with the following after-tax cash flows (in $millions)

Cases

Probability

t = 0

t = 1

t = 2

t = 3

Best

30%

-20

16

16

16

Average

50%

-20

10

10

10

Worst

20%

-20

-6

-6

-6

Your firm has an option to abandon the project after 1 year of operation, in which case it can sell the asset and receive $10 millions after taxes in cash at the end of Year 2. The WACC is 10%. The projects expected NPV without the abandonment option = $ ?????? million. The project's expected NPV with the abandonment option = $ ?????? million. The value of the abandonment option = $ ?????million. Round your final answers to 2-decemial places.

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