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6. Which of the following is likely to be false regarding present discounted values, option values, and waiting? A. If the present discounted value of
6. Which of the following is likely to be false regarding present discounted values, option values, and waiting? A. If the present discounted value of net return to a project is positive, then we should invest in the project now. B. Option value is derived from the fact that there are uncertainties related to project returns and more useful information can be learned in the future. C. The magnitude of option value is affected by the discount factor used. D. In the case of climate change, the concept of option value could mean that it might be beneficial to postpone some costly mitigation/adaption projects
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