Permanently Rejecting an Investment Today Might Not Be a Good

Multiple Choice

Permanently rejecting an investment today might not be a good choice because
I.the size of the firm will decline;
II.there are always errors in the estimation of NPVs;
III.the project's real option value is negative;
IV.the company is forgoing the option to make the investment in the future if economic and industry conditions change for the better

A) I only
B) II only
C) I, II, and III only
D) IV only