Your firm is thinking of expanding. If you invest today, the expansion will gonerate $11 million in FCF at the end of the yoar, and will have a continuation value of edher $146 mison (if the economy improves) or \$52 milion (if the economy does not improvo). If you wait until next year to invest, you wil lose the opporturity to make \$11 milion in FCF but you will know the continuation value of the investment in the following year (that is, in a year from now you will know what the investment continuation value wil be in the following year). Suppose the risk-free rate is 5%, and the risk-neutral probability that the economy improves is 37%. Assume the cost of expanding is the same this yoar or next year. a. If the cost of expanding is $84 million, should you do so today, oc wat until next year to decide? b. At what cost of expanding would there be no difference between expanding now and waiting? To what profitability index does this cortespono