Discuss in a reasonably detailed manner the four main categories of real options listed in the case. Discuss in an applied setting the idea of real options as related to other decision criteria such as NPV, IRR, MIRR, etc. Why might it be of value for a manager to consider real options in addition to other decision criteria such as NPV, etc.?
Any written work (such as answers to specific project questions) should be answered in a Word document. Excel work turned in should be formatted such that the information can be easily reviewed, as if presenting to an employer. If multiple applications are used (e.g., Word and Excel) for a project then both documents must include the students name. Significant instructor time spent looking for an answer will result in a reduction in score. Care should be taken to ensure that any assignment turned in for credit is neat in appearance. Any commonly acceptable writing style (e.g., APA) may be utilized, but grades will be lowered on assignments for work that includes misspelled words, grammatical errors, etc.
