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You are considering a project that has been assigned a discount rate of 14.3 percent. If you start the project today, you will incur an

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You are considering a project that has been assigned a discount rate of 14.3 percent. If you start the project today, you will incur an initial cost of $11,400 and will receive cash inflows of $6,800 a year for two years. If you wait one year to start the project, the initial cost will rise to $12,100 and the cash flows will increase to $7,200 a year for two years. What is the value of the option to wait? Multiple Choice -$7.63 U O -$9.46 -$28.51 O -$30.49 -$33.02 O

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