Suppose a company uses the NPV method, along with risk-adjusted WACCs, to calculate project NPVs. However, it has not been considering real options in its capital budgeting decisions. Now suppose the...

Suppose a company uses the NPV method, along
with risk-adjusted WACCs, to calculate project
NPVs. However, it has not been considering real
options in its capital budgeting decisions. Now
suppose the company changes its capital budgeting process to take account of four types of real
options investment timing, flexibility, growth,
and abandonment. Would this decision be likely
to affect some of the calculated NPVs? Explain
your answer