Suppose you are hired by the homeowners located around a lake to determine the benefits of improving the water quality in the lake. Briefly discuss 3 different methods that you could employ to try to estimate the benefits. For each method, discuss if the method estimates use value, non-use value or both. Discuss whether or not you have a most-preferred method.

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?