Which of the following statements is correct regarding forecasting and forecast errors. a. A $1,000 forecast error in 12 years is more expensive in terms of valuation error, today, when compared to a $300 error in 3 years, (assume a 15% discount rate) b. Raw (undiscounted) forecasts errors are expected to diminish in time c. A $1,000 forecast error in 10 years is less expensive in terms of valuation error, today, when compared to an $400 error in 5 years, (assume a 15% discount rate). d. When forecasting balance sheets in an equity valuation project, one is more concerned with the accuracy of forecast total equity than forecast total liabilities