Corporate Finance: Suppose you are the CFO of Air Canada. You have been asked by the CEO and the Board of Directors to make a presentation regarding the use of real options in capital budgeting for the current and future projects of Air Canada. Given the global pandemic fallout and the companys market performance following this major shock, outline what real options are suitable to adopt and lay out how you will value the option(s). Follow a methodology/approach consistent with the textbook. Show detailed steps and option value measurement process (may use real or fictional values but clearly specify your working assumptions)

Textbook: Corporate Finance, by by Ross, Westerfield, & Jaffe McGraw-Hill Education, 2019