Yоu must use the file prоvided here tо аnswer this question. Fаilure to use this file will leаd to an automatic 5-point deduction You are an entrepreneur considering entering the smart home device market. Market analysis suggests that due to seasonal consumer adoption cycles and technology launches, the only two viable windows of opportunity are now and exactly one year from today. Regardless of when you enter the market, it will cost you $50 million to enter the market. The present value of the investment opportunity if you entered today is $55 million. Moreover, you estimate that 20% of this current value is due to free cash flows expected in the first year of operations. You decide to use the Black-Scholes option pricing model to help you decide whether to enter now or one year from today. The annual volatility of cashflows in this industry is 30%. The one-year risk-free rate is 5%. Should Horizon Tech enter this business now or next year? To help you answer this question, calculate the value of delaying the decision to enter by one year and compare it to the value of entering the market right away