An investment has a four-year life and costs $200,000 initially. It has an annual pre-tax operating income of $75,000 in the first year. Operating incomes are expected to increase at a rate of 5% over the life of the investment. Assuming no salvage value for the investment. The depreciation cost is $10,000 each year. The corporate tax rate is 36% and the appropriate discount rate is 12%. The NPV of this investment is s (Note: please retain at least 4 decimals in the calculation and keep at least 2 decimals in your final answer.) Which of the following factors increases the price of a put option? Select one: a. Higher strike price, longer time to expiration, increased volatility, increased interest rates O b. Lower strike price, longer time to expiration, increased volatility, increased dividends O c. Higher asset price, higher strike price, increased volatility, increased dividends O d. Longer time to expiration, increased volatility, decreased interest rates, increased dividends O e. None of the given answers