A project team member does not understand exactly what should and should not be included in the external SWOT analysis. This strategic analysis is often called SWOT $($strengths$,$ weaknesses, opportunities, and threats$)$ Analysis. Which statement best describes the external analysis?

a$.$ The external analysis $($elements within the project team's control$)$ consists of asking what strengths and weaknesses the organization possesses.

b$.$ The external analysis $($elements over which the project team has little or no control$)$ consists of opportunities and threats that are posed by external players such as competitors, suppliers, customers, regulatory agencies, and technologies.

c$.$ The external analysis uses Net Present Value by discounting the expected future value of both the project costs and benefits, recognizing that a dollar in the future is worth less than a dollar today.

d$.$ The external analysis uses the Internal Rate of Return by calculating the percentage return expected on the project investment.