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EXHIBIT 12.7 Decision Trees; Real-Option.s Analysis (Investment-Timing Option) Mnet Ss 14 Discount rate (WACO. 16 Cash outnow from the eser*t 0.2S OSO free rate

EXHIBIT 12.7 Decision Trees; Real-Option.s Analysis (Investment-Timing Option) Mnet Ss 14 Discount rate (WACO. 16 Cash outnow from the "eser*t 0.2S OSO free rate of WACC tormuutorc.nm: Sso Sso $14.161 Ss (E_ssa) 90 Sso pvofcash pv ofcash (S9S24J 99.271 wv 52.016

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