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Which of the following statements is least applicable to the option to wait? the option to wait is partially dependent on the discount rate applied

Which of the following statements is least applicable to the option to wait?

the option to wait is partially dependent on the discount rate applied to the project

the option to wait is valued based on a project's equivalent annual cost

the option to wait may have minimal value if the project relates to a rapidly changing technology

the option to wait could have a negative value

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