Two options are evaluated separately in Figures 13.6 and 13.7. Do the analysis for both options together, calculate the option value for the two options together, and explain your results.
Figure 13.6

Figure 13.7

License 60 Awarded S120 % 0% S40 True Launch Service License Uncertainty S28 Switch Technology 90 True 40% S10 -S80 Switch Decision S10 40% S0 Wire Service with Switch Option Launch Decision S28 0% S10-$70 Switch Do Not Launch Service False 10% SO S0 60% Service S50 Icense 60 Awarded S0 Launch Decision S40 Apply for True License -S10 License Uncertainty $20 10) Not Launch False SO-S10 409 License $0 40% O-SI Wire Service with Defer Option Launch Decision S20 Do Not False 10% Apply