Consider the following statement by a project analyst: "I analyzed my project using scenarios for the optimistic,expected,and pessimistic cases.I computed break evens and conducted sensitivity and simulation analysis.I computed NPV,IRR,the profitability index,and payback.In the end,I have over a hundred different estimates and am more confused than ever.I would have been better off just sticking with my first estimate and going by my gut instinct." Critique this statement.
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