Ignoring the Option to Expand

Ignoring the option to expand:

A) overestimates the internal rate of return on a project
B) underestimates the net present value of a project
C) ignores the possibility that a negative net present value project might be positive given changes over time
D) ignores the possibility that one variable is the primary source of the forecasting risk associated with a project
E) ignores the value of discontinuing a project early