b) Suppose Robista Construction is considering another smaller scale project that has an initial cost of RM10,000. The project has a two-year life with cash inflows of RM6,500 a year. If Robista decides to wait one year to commence this project, the initial cost will increase by 5 percent and the cash inflows will increase to RM7,500 a year. i) What is the value of the option to wait if the applicable discount rate is 10 percent? (7 marks) ii) Why does traditional NPV analysis tend to underestimate the true value of a capital budgeting project