What is the main advantage of using simulations to assist in the investment appraisal?

a-It has limited applications.

b-Models can be extremely complex.

c-Difficult to formulate probability distribution.

d-More than one variable can be changed at a time.

Using profitability index, the preference rule of ranking projects is:

a-The lower profitability index, the more desirable the project

b-The higher profitability index, the more desirable the project

c-The higher the sunk costs, the more desirable the project

d-The higher profitability index, the less desirable the project