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The option to wait: a. increases in value as the projects sensitivity to new technology increases. b. is valueless when a project is profitable given
The option to wait:
a. | increases in value as the projects sensitivity to new technology increases. | |
b. | is valueless when a project is profitable given immediate implementation. | |
c. | may have value even if a new project currently has a negative new present value | |
d. | is independent of the projects discount rate. | |
e | decreases the net present value of a project. |
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