Including the Option to Expand in Project Analysis Will Tend

Multiple Choice

Including the option to expand in project analysis will tend to

A) extend the duration of a project but not affect the project's net present value.
B) increase the cash flows of a project but decrease the project's net present value.
C) decrease the net present value of a project.
D) increase the net present value of a project.
E) have no effect on either a project's cash flows or its net present value.