A company is considering a project that has been assigned a discount rate of 15 percent. If the company starts the project today, it will incur an initial cost of $720,000 and will receive cash inflows of $228,000 a year for five years. If the company waits one year to start the project, the initial cost will rise to $760,000 and the cash flows will increase to $272,000 a year for five years. What is the value of the option to wait? $105,186.12 $99,356.29 $93,526.46 $81,866.80 $87,696.63