Assume a project currently has a negative net present value. Which one of these expectations would indicate that the timing option for that project may have a positive value?

• The project's cash flow projections are expected to remain constant over time.

• The life of the project's product is expected to decrease each year.

• The demand for the project's product is expected to decrease within 6 months.

• Competition in the project's product market is on the increase.

• The contribution margin for the project is expected to improve next year.