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Real options and the strategic NPV JennyRene, the CFO of AsorProducts, Inc., has just completed an evaluation of a proposed capital expenditure for equipment that

Real options and the strategic NPVJennyRene, the CFO of AsorProducts, Inc., has just completed an evaluation of a proposed capital expenditure for equipment that would expand thefirm's manufacturing capacity. Using the traditional NPVmethodology, she found the project unacceptablebecause:

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