Utilizing a decision tree, the NPV used to make the decision to commence the testing for a project is dependent on:

? only the cash flows related to the actual test.

? on the path with the highest probability of occurrence.

? all project cash flows and probabilities over the project’s entire life.

? only the cash flows and probabilities of the most successful path.

? all cash flows and probabilities for only the first year of the project’s life.