An insight gained by bringing the theory of options into standard capital budgeting analysis is:

• A. projects, as call options, can be more valuable if the decision to start up the project is delayed until relevant information is released.
• B. independent projects with positive NPVs should very often be rejected.
• C. independent projects with negative NPVs should very often be accepted.
• D. projects, as call options, can be less valuable if the decision to start up the project is delayed until relevant information is released.