You are considering a project that has been assigned a discount rate of 10 percent. If you start the project today, you will incur an initial cost of $1,000 (at t=0) and will receive cash inflows of $500 a year for four years (starting from year t=1). If you wait one year to start the project, the initial cost will rise to $1,300 (at t=1) and the cash flows will increase to $600 a year for four years (starting from year t=2). Should you wait one year to start the project?

		No, because NPV at t=0 is lower by $31.45
		No, because NPV at t=0 is lower by $37.73
		No, because NPV at t=0 is lower by $42.38
		Yes, because NPV at t=0 is higher by $38.65
		Yes, because NPV at t=0 is higher by $46.91