Marzella Corp. is analyzing a project that involves expanding the firm into a new product line. The project includes the construction of a new manufacturing facility and the creation of a new distribution system. The project's financial projections will tend to have which one of the following characteristics if the person compiling those projections suffers from over$-$optimism?

Question $25$ options:

Overestimated expenses

Underestimated sales estimates

Overestimated net present values

Underestimated profits

Overestimated construction costs