Question
The option to wait: increases in value as the projects sensitivity to new technology increases. is valueless when a project is profitable given immediate implementation.
The option to wait:
| increases in value as the projects sensitivity to new technology increases. |
| is valueless when a project is profitable given immediate implementation. |
| may have value even if a project currently does not. |
| is independent of the projects discount rate. |
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
