16. Assume that you are analyzing a 10-year project for a consumer product company five years into the project and that you have the following information about the project Forecast Year Investment EBIT(1-1) Cash Flow $(10.50) 0 1 2 3 4 5 6. 7 8 9 10 $1.50 1.60 1.70 1.80 1.90 2.00 2.10 2.20 2.30 2.40 $3.00 2.80 2.60 2.40 2.40 2.40 2.40 2.40 2.40 2.40 Actual Year EBIT(1-1) Cash Flow Investment $(10.00) 0 1 2 3 4 5 $1.60 1.65 1.75 1.85 2.00 $3.10 2.85 2.65 2.45 2.50 Question 3 (1 point) Refer to Chapter 15, Problem 16. Calculate the forecasting error (%) each year for the first five years of the project. The forecasting error (%) in Year 3 is 1.92%. This statement is: True O False Question 4 (1 point) Refer to Chapter 15, Problem 16. Based on the average forecasting error of 2.6584%, the new forecasted cash flow to the firm for years 6-10 is $2.34. This statement is: True O O False