Which of the following statements about project cash flow estimation is most correct? a. Because capital investment analysis involves the price paid for new long-term assets, shipping charges are not considered. b. If inflation is ignored when estimating a project's cash flows, the project's profitability typically will be overstated. c. The current value of land purchased in the past is not a relevant cash flow because the price paid for the land is a sunk cost. d. Depreciation expense can be ignored in estimation of project cash flows in not-for-profit organizations. e. The impact of the project on other project cash flows can be ignored in not-for-profit organizations. Although sensitivity analysis has its limitations with regard to project risk assessment, it is useful for identifying cash flow components that are most critical to the analysis (i.e., have the largest impact on profitability). True or false