(a) Explain the six (6) levers of real options and how they differ from financial options. Use an example of investing in a copper mine versus purchasing a call option on a copper mining company's share to explain your answer. (12 marks) (b) "Real options are everywhere," Copeland, Koller, and Murrin, in Valuation: Measuring and Managing the Value of Companies 2/e, p. 470. Analyse critically using any case study why real options have the potential to be an important tool for firms in strategic and financial analysis. (21.3 marks)