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According to Luehrman (1998) the value of deferring a decision to invest in a project is: a. Delaying the decision will reduce the costs. b.
According to Luehrman (1998) the value of deferring a decision to invest in a project is:
a.
Delaying the decision will reduce the costs.
b.
A better alternative project is very likely to arise.
c.
It allows time to organise funding of the project.
d.
Using the time to improve the underlying variables for the project NPV.
e.
The level of volatility reduces.
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