Give an example of an option to expand a project.

Which of the following is an example of an option to expand a project?(Select the best choice below.)

A.

The option to shut down a mining operation due to the depletion of the ore reserves.

B.

The option to increase production if the new product launches successfully.

C.

The option to wait for one year to open a restaurant.

D.

The option to refinance at a lower rate to prepay the home mortgage.