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What advantage does a real option analysis have over a traditional NPV analysis? a) The ability to incorporate risk into the analysis b) The ability

What advantage does a "real option" analysis have over a traditional NPV analysis?

a) The ability to incorporate risk into the analysis
b) The ability to incorporate information that arrives after the project is underway
c) The ability to incorporate time value into the analysis
d) The ability to incorporate the real value of taxes into the analysis

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