Multi Investment Co.'s investment in Sherman Mfg. makes up 40% of Multi earnings and 30% of their assets. Robert Landry has an opportunity to aud owns an immaterial amount of stock in Sherman's stock. Susan Cort owns immaterial amount of Multi's stock and has an opportunity to audit Sherma What effect does the stock investments of Landry and Cort have on their independence with the prospective audit clients Multi Investment Co. and Mfg.? 1. Landry is NOT independent of Multi Investment Co. II. Landry is independent of Multi Investment Co. III. Cort is NOT independent of Sherman Mfg. IV. Cort is independent of Sherman Mfg.