9. Real options Projects are also often embedded with different options that can help making decisions under uncertainty. There are techniques used to evaluate these embedded options which are called real options. The models used to value these options are based on the type of the real option available for the project. Real options the value of capital investment projects. Which type of real option allows a firm to postpone a project until it can gather more information or market conditions change? An expansion option An investment timing option An output flexibility option A growth option Real option analysis adds value to a project when it is used for which of the following? Check all that apply. Making changes to the capital budget before it is started and financed Modifying the way that decision makers perceive flexibility in capital budgeting activities Making managerial decision making less deliberate and analytical Increasing the riskiness of the capital project and decreasing the project's cash flows