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The NPV computed using static DCF analysis is _________ if the project gives us the opportunity to invest additional funds if things go well; that

The NPV computed using static DCF analysis is _________ if the project gives us the opportunity to invest additional funds if things go well; that is, it includes an option to expand. A. Understated. B. Overstated. C. Accurately stated even. D. Not conservative enough. E. Useless.

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