Consider that Chris wants to evaluate a "Defer" option. That is, she could apply for the license first and then decide whether to launch the service. If she decides to apply and the license is awarded, she has the option to launch or not to launch the service. The rolled-back decision tree of the Defer option is given below (all values shown in the tree are in thousands). Assume that her base-case expected value without the Defer option is $12,000. What is the value of the Defer option to Chris? TRUE Apply S 10 Apply Defer FALSE Do not Apply $0 O B. 8, OOO O c. 12,000 O D. 20,000 License so License No License SIO $0 TRUE Launch Service $50 Launch ? FALSE DO not Launch SIO So $0