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Consider the option of waiting for 6 months before deciding whether or not to launch the venture described in part (a) at the same initial
Consider the option of waiting for 6 months before deciding whether or not to launch the venture described in part (a) at the same initial cost of $1000. By that time, there is an 80% chance that the information about the market for the product would fully reveal the future cash flows of the venture. Nonetheless, the cost of waiting is $41.67 (in present value). Should the investor choose to wait?
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