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 t = 4 Best 30% -17 13 13 13 13 Average 40% - 17 8 8 8 8 8 Worst 30% -17 -5 -5 -5 -5 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 11%. Estimate the value of the abandonment option. $5.74 million $6.48 million $6.90 million $5.94 million $6.11 million