A Project Is Worth $12 Million Today Without an Abandonment

A project is worth $12 million today without an abandonment option. Suppose the value of the project is $18 million one year from today with high demand and $8 million with low demand. It is possible to sell off the project for $10 million if the demand is low. Calculate the value of the abandonment option if the discount rate is 5% per year. [Use the risk-neutral valuation]
A. $1.03 million.
B. $2 million.
C. $1.9 million.
D. None of the above.