Value of project without considering option to delay decision and conclusion 2
Current price variable (Pa) for BSOP formula 1
Additional cost (Pe) for BSOP formula 1
Other variables for BSOP formula 1
Calculation of N(d1) 2
Calculation of N(d2) 2
Value of the option to delay decision 1
Revised value of project and conclusion 2

Max marks 12