Which of the following statements is NOT accurate regarding scenario analysis?

Select one:

a$.$ A positive NPV for a project's worst case scenario means it is likely the project will

in fact offer a positive return.

b$.$ The worst case scenario is used to identify the point at which a project's NPV

becomes negative.

c$.$ The base case scenario generally represents the initial estimate of a project's

NPV$.$

d$.$ If the NPV of the best case scenario is negative then it is likely unnecessary to

create base and worst case scenarios.

e$.$ Scenario analysis is likely not as effective as sensitivity analysis for determining

which variables have the greatest impact on projected NPVs$.$