24. We discussed in class that managers should see investment projects as options. Often times, a project is available now & later. In that perspective, other things held constant, when the uncertainty regarding the projects profitability decreases, ___

a. the value of the option to wait decreases

b. the value of the option to wait increases

c. the value of the option to wait will not change since the net of the different effects will be neutral

d. one cannot predict a certain effect on the value of the option to wait since this latter is not related to changes in the uncertainty regarding the projects profitability