Discounted cash-flow (DCF) analysis generally

A. Assumes that firms hold assets passively when they invest in a project

B. Considers opportunities to expand a project if the project is successful and considers opportunities to abandon a project if the project is a failure

C. Considers opportunities to expand a project if the project is successful

D. Assumes that firms hold assets passively when they invest in a project, considers opportunities to expand a project if the project is successful, and considers opportunities to abandon a project if the project is a failure