Tutor.com is considering a plan to develop an online financetutoring package that has the cost and revenue projections shownbelow. One of Tutors larger competitors Online Professor (OP) isexpected to do one of two things in Year 5: (1) develop its owncompeting program which will put Tutors program out of businessor (2) offer to buy Tutors program if it decides that this wouldbe less expensive than developing its own program. Tutor thinksthere is a 35% probability that its program will be purchased for$6 million and a 65% probability that it wont be bought and thusthe program will simply be closed down with no salvage value. Whatis the estimated net present value of the project (in thousands) ata WACC = 10% giving consideration to the potential futurepurchase?