A project has a net present value of 451 million what is


A project has a net present value of $4.51 million. The company could wait 2 years, at which time the project will have a net present value of $5.63. The company’s discount rate is 5%. What is the value of the option to wait 2 years?

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Financial Management: A project has a net present value of 451 million what is
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