Youve learned a lot about Time Value of Money and know that a dollar today isnt worth the same as a dollar tomorrow. Under what circumstances would it be reasonable for you to sum total cash flows occurring at different points in time without factoring in time value of money?

a. this would be reasonable of interest rates are negative

b. this would be reasonable in an inflationary environment

c. this would be reasonable if interest rates are positive

d. this would be reasonable in a deflationary environment

e. this would be reasonable if interest rates are 0