Why are valuations of privatized businesses previously owned by the governments of developing countries more difficult than valuations of existing firms in developed countries? I. Future cash flows associated with a privatized business are very uncertain because the businesses previously have been operating in the environment of little or no competition. II. Exchange rate estimates in developing countries are very uncertain. III. The government in developing countries may retain part of the firm, which could lead to control conflicts in the future. IV. Tax rates are changed several times a year in developing countries to correct their budget deficit. -Select- The credit risk premium on an MNC's loans tends to be lower in the United States than in most other countries because the U.S. government stands ready to rescue failing firms. a. True b. False