Which one of these has the least potential to increase the net present value of a proposed investment? Assume the project has a positive net present value in at least one set of circumstances.
Option to place the investment on hold until a more favorable discount rate becomes available
Ability to immediately shut down a project should the project become unprofitable
Option to discontinue a project at the end of its intended life
Option to increase production beyond that initially projected
Ability to wait until the economy improves before making the investment