The cost of new machinery is estimated at $200 mil today. This cost is expected to increase by 5% in one year. If the competitive interest rate is set at 3%, what is the net value of delaying the purchase of machinery for a year? The net value in terms of dollars today is: 0 - $3.0 million 0 - $10.0 million 0 - $2.9 million O + $ 2.9 million O + $ 3.0 million