(TCO E) Which of the following isnota contributing factor in making the choice of a discount rate a critical issue in selecting among alternative investment opportunities?(Points : 5)

Using an unreasonably high discount rate makes an investment appear unjustifiably attractive.

Minor adjustments in the discount rate can result in dramatic changes in net present value.

The further into the future cash flow projections are made, the greater the influence of discount rate variations.

Relative rankings of opportunities can be changed by altering the discount rate when the opportunities differ in the timing of anticipated cash flows.