Which of the following statements is CORRECT about real options? Real-options analysis never tells firms to make negative-NPV investments to secure future abandonment opportunities. Option value consists of intrinsic value and time premium value. Keeping all else equal, the time premium value is higher if the option maturity is longer. A real-option valuation will alupys reveal that it's better to invest in a series of smaller plants than a single plant because there are many options. Options are more attractive when the uncertainty is low and the immediate project cash flow is high