Read the following statements.

i$.$ Industry analysis helps the valuer makes some key assessments about future cash flows, growth rates, risks to the business, discount rates and multiples.

ii$.$ Major sources of barriers of entry into a market include capital requirements and access to distribution channels.

iii. All things being equal, developing industries develop the required technology quickly whereas mature industries tend to develop technology slowly.

Which of the following is true? Pick the best answer.

Select one:

a$.($iii$)$ only

b$.($i$)$ & $($iii$)$ only

c$.($ii$)$ & $($iii$)$ only

d$.$ All of the above