. Under current conditions, a corporate investment project involving the construction of a new factory has a Net Present Value (NPV) of $2 million. However, if a recession were to occur, a company analyst believes sales would fall and the discount rate should be adjusted from 8 to 7%, changing the NPV of the project to $1.5 million. This is an example of:

a) degree of operating leverage

b) sensitivity analysis

c) NPV break even analysis

d) scenario analysis