When Considering the Results of a Proposed Investment Determined by Present

When considering the results of a proposed investment determined by present value analysis which indicates that the proposal has a rate of return greater than the cost of capital, the investment might not be made because:

A) the quantitative analysis indicates that it should not be made.
B) management's assessment of qualitative factors overrides the quantitative analysis.
C) the timing of the cash flows of the investment will not be as assumed in the present value calculation.
D) post-audits of prior investments have revealed that cash flow estimates were consistently higher than actual cash flows realized.