Will this cause the optimum time to start the project to be


Suppose the expected net benefits from a project are continuously rising with calendar time. Suppose also that you expect the present value of the initial costs of the project to fall over time, (evaluated at the time it starts operations), if the project is postponed. Will this cause the optimum time to start the project to be delayed or to be started earlier? Explain why.

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Financial Management: Will this cause the optimum time to start the project to be
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