Which of the following conditions might be least likely to lead a financial manager to delay a positive NPV project? Assume project NPV if undertaken immediately is held constant.

I. The risk-free interest rate falls.

II. Uncertainty about future project value increases.

III. The first cash inflow generated by the project is lower than previously thought.

IV. Rapid technology changes.

	A.	I, III
	B.	I, III, IV
	C.	I, II
	D.	I, II, III, IV