Which of the following statements is correct?

Once a firm analyzes a project and determines that it is advantageous to waiting (indicating a higher NPV than doing the project today), it has no other considerations to factor into the analysis.

If a firm decides to wait to undertake a project, it must consider the loss of the strategic advantage of being the first to enter a new business or market.

If a firm decides to wait to undertake a project, it must consider that costs may increase which would lower the calculated NPV.

Previous two statements are correct.

None of the statements above is correct.