The You Look Marvelous! cosmetic company is considering building a new shampoo factory. Its accountants and board of directors meet and decide that it is not a good idea to build the factory. If interest rates fall after the meeting

a. the present value of the factory rises. It's more likely the company will build the factory.
b. the present value of the factory rises. It's less likely the company will build the factory.
c. the present value of the factory falls. It's more likely the company will build the factory.
d. the present value of the factory falls. It's less likely the company will build the factory.

a