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Which of the following statements is(are) true? I. A sensitivity analysis is one method managers can use to examine the stand-alone risk of a project.

Which of the following statements is(are) true? I. A sensitivity analysis is one method managers can use to examine the stand-alone risk of a project. II. When performing a scenario analysis, it is never necessary to estimate the cash flows of the base case economic scenario. III. Monte Carlo analysis can be viewed as a more sophisticated version of scenario analysis.

I only

II only

III only

I and II only

I and III only

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