Estimation and Risk Analysis Which of the listed statements best describes an input flexibility option? Statement IV * O O Statement II Statement III None of the statements listed above describes an input flexibility option. Real option analysis adds value to a project when it is used for which of the following? Check all that apply. O Making changes to the capital budget before it is started and financed Expanding the way that managers view risk and uncertainty, seeing them as phenomena to be appreciated and exploited rather than feared and avoided Making managers aware of the consequences of their decisions and actions on the creation or destruction of value for a capital project Identifying real options that can be sold in the financial markets Statement I 41