14) Western Shores is considering a project that has an initial cost today of S12,500. The project has a two-year life with cash inflows of $7,400 a year. Should the firm opt to wait one year to commence this project, the initial cost will increase by 4 percent and the cash inflows will increase to $7,900 a year. What is the value of the option to wait if the applicable discount rate is 9.5 percent? A) $421.56 B) S$373.63 E) $182.67 C) $521.66 D) $303.93