Question: You are con ring opening two Theaters. One theaters will be opened in Boston and the other on the San Francisco. You could open both

You are con ring opening two Theaters. One theaters will be opened in Boston and the other on the San Francisco. You could open both at the same time or open one and after a year open the other if the first did as good as expected or better. The hurdle return is 15% and the risk free rate is 5%.

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