Choose the correct statement about discounting.

Group of answer choices

- The conclusion of a cost-benefit analysis can be highly sensitive to the choice of the discount rate.

- The EPA uses a discount rate of zero in its cost-benefit analysis of some policy proposals.

- All of the other statements are correct. The lower the discount rate, the lower the present value placed on costs and benefits that will be realized in the future.

- The higher the discount rate, the higher the present value placed on costs and benefits that will be realized in the future.