Session 23: Undeveloped reserves, the option to expand and the option to abandon

[@pauljones9150]

Class starts at 0:43 Mic is good

[@sakshis-6015]

Professor if I am doing liquidation valuation for 5yr then I am liquidating the business in yr 5 so then do I need to give stable growth rate in yr 5 or just using 10% in yr 5 which I have given in my year 1 ????