As a financial analyst for Blades, Inc., you generally agree with Holt’s assessment of the situation. However, you are concerned that Thai consumers have not been affected yet by the un favorable economic conditions. You believe that they may reduce their spending on leisure product within the next year. Therefore, you think it would be beneficial to wait until next year, when the unfavorable economic conditions in Thailand may subside, to make a decision regarding DFI in Thailand. However, if economic conditions in Thailand improve over the next year, DFI may become more expensive both because target firms will be more expensive and because the baht may appreciate. You are also aware that several of Blades’ U.S. competitors are considering expanding into Thailand in the next year.