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Yardie Global is considering expanding a cruise line division next year (t-1) or waiting a year due to public health concerns. The cruise line has

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Yardie Global is considering expanding a cruise line division next year (t-1) or waiting a year due to public health concerns. The cruise line has a discount rate of 11 percent and has an NPV today (t-0) of S40M. If they wait one year for market research, there is a 30 percent chance that the NPV next year (t=1) could be $150M and 70 percent chance that they will cut the division. Should they wait? Yes O No It makes no difference

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