1. Which of the following statements most accurately reflects the Grahams current discretionary cash flow position?

a. Their discretionary cash flow is greater than $0 but less than $1,000.

b. Their discretionary cash flow is less than $0 but greater than $1,000.

c. Their discretionary cash flow is greater than $1,000 but less than $8,000.

d. Their discretionary cash flow is less than $1,000 but greater than $8,000.