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The timing option that gives the option to wait: I. may be of minimal value if the project relates to a rapidly changing technology. II.
The timing option that gives the option to wait:
I. may be of minimal value if the project relates to a rapidly changing technology.
II. is partially dependent upon the discount rate applied to the project being evaluated.
III. is defined as the situation where operations are shut down for a period of time.
IV. has a value equal to the net present value of the project if it is started today versus the net present value if it is started at some later date.
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