Which of the following, if any, are true? I$)$ For analysts valuing a firm's future earnings per share $($EPS$),$ estimates are arguably the least important input. II$)$ Analysts may also rely on fundamental factors outlined in the management discussion and analysis $($MD&A$)$ section of a company$$s financial reports.

Only I is true.

Only II is true.

Both I and II are true.

Neither I nor II are true.