The expected outcome of a project has been estimated using two approaches. The first approach was to predict the outcomes based on five sets of assumptions with given probabilities. The second approach was a Monte Carlo simulation that has been run many thousands of times. The results from both approaches are significantly different. Which of the following statements is correct? A The investment decision should be based on the more pessimistic of the two predicted outcomes. B The approach based on five sets of assumptions can be more readily reviewed and checked for reality. C The Monte Carlo simulation is more sophisticated and is, therefore, more reliable. D The project should be abandoned because there is no way to predict the outcome with any certainty.

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