Which of the following statements is FALSE?A. Since errors of commission are often readily apparent, managers have a tendency to be cautious when evaluating new projectsB. Errors of omission can result in lost potential value as much as errors of commission can destroy value.C. Type 1 errors occur when managers reject projects whose true NPVs are positiveD. Errors in projected cash flows create large forecasting risks when their net present values are particularly small in magnitude.

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