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VALUINGANEXPANSIONOPTION
Thisprogramcalculatesthevalueofanexpansionoption
inaninvestmentanalysis.
Inputsrelatingtheunderlyingasset
Enterthenumberofyearsyouhaverightstoproject 10 (inyears)
Enterthecostassociatedwithwaitinganextrayeartoexpand= 0.00%
GeneralInputs
VALUINGALONGTERMOPTION/WARRANT
d1= 0.7445348919
N(d1)= 0.7717235298
d2= 0.2554651081
N(d2)= 0.3991819447
ValueofOptiontoExpand= $45.91