The opportunity to defer an investment until a later date may have value mostly because:

i)The cost of capital may increase in the near future

ii)Probability of the "good scenario" may increase in the future

iii)Investment costs fluctuate over time

Select one:

a.Option (ii) only

b.Option (ii) and (iii)

c.Option (i) and (ii)

d.Option (i) only

e.Option (iii) only