Which of the following companies will likely require the longest forecasting horizons?

Company $A$ in a mature industry with no competitive advantage period.

Company B in a mature industry with a short$-$term competitive advantage period.

Company $C$ in a start$-$up industry with a long$-$term competitive advantage period.

Company D in a consolidating industry with a short$-$term competitive advantage period.

Company $E$ in a consolidating industry with no competitive advantage period.

Question $5$

Which of the following items are forecasted after forecasting net operating assets?

$\backslash$table$[[,$Sales,Depreciation expense,Net financial obligations$],[$Choice A$,$Yes,Yes,Yes$],[$Choice B$,$Yes,No$,$Yes$],[$Choice C$,$No$,$Yes,No$],[$Choice D$,$No$,$No$,$No$],[$Choice E$,$No$,$Yes,Yes$]]$

Choice A

Choice B

Choice C

Choice D

Choice E