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i know the value of delaying is 22.505, but how do I get there? You have the option to open a store today at a

i know the value of delaying is 22.505, but how do I get there?
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You have the option to open a store today at a cost of 30 , which would generate a present value of profits of 50 . You can also delay opening the store for x+1 years. The cost would then rise to 50 . The store's profits each year have a volatility of 40% and the risk-free rate is 4%. a. Using the Black and Scholes formula, what is the value of delaying the store opening? b. Should you invest today or delay? (Fill in "invest" or "delay")

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