QUESTION 9 Strategic option analysis is a strategic valuation technique that: O encompasses all the approaches described in the other choices O calculates the NPVs of a series of strategic investments under differing risk and time scenarios values the consequences of making an initial small investment in order to delay a larger investment until future time when additional information is available O ranks the strategic options available to a firm on the basis of NPV outcomes o formally discounts cashflows (DCFs) and compares them to risk-adjusted weighted cost of capital (WACC) targets