which of the following statements is correct?

The primary purpose of a 5-year, long-range forecast is to determine the best possible estimate of future earnings to determine future cash needs.

A company would be better off if it could replace its labor-intensive, company-wide budget process with more accurate, statistically-generated forecasts generated by the finance department.

A company should always accept a project if the IRR exceeds the hurdle rate.

Significantly reducingthe cash conversion cycle will normally decrease both sales and EBIT.

If a company is suffering with tight cash flows, rapidly increasing sales is powerful means of generating additional cash.