Suppose Keppel Inc., a U.S.-based MNC, is contemplating the establishment of a subsidiary in Singapore for manufacturing tennis rackets. The Singapore government has committed to granting Keppel the opportunity to acquire certain government buildings at a discounted rate in the future, provided that the company establishes a subsidiary for manufacturing tennis rackets in Singapore. Although this offer doesn't have an immediate impact on the cash flows of the current project unde aluation, it represents an implicit call option that Keppel might exercise in the future. How he implicit call option, as described in the scenario, impact the decision- making process of multinational corporations (MNCs) when evaluating a project? It introduces uncertainty, making the project riskier. It decreases the project's internal rate of return (IRR), making it less favorable. It increases the project's net present value (NPV), making it more attractive. O It may lead MNCs to accept a project that they would have otherwise rej