QUESTION $14$

Which of the following statements is $($are$)$ true?

$($I$)$ Other stakeholders will generally agree that the primary goal of the firm should be to maximize shareholders' wealth because they have a prior claim over shareholders to the firm's cash flow and liquidation value.

$($II$)$ Investments worth more than they cost will also have rates of return greater than their opportunity cost of capital.

$($III$)$ We value investment assets by valuing their cash flow streams. Cash flow streams are unique in terms of the size of their cash receipts, their timing, and their risk.

A$.($I$)$

B$.($II$)$

c$.($III$)$

D$.($I$)$ and $($II$)$

E$.($II$)$ and $($III$)$