Forecasted or pro forma statements for a proposed project should

I. be compiled on a stand$-$alone basis

II$.$ include all the incremental cash flows related to the project

III. generally include interest expense

IV$.$ include all project$-$related fixed asset acquisitions and disposals

I, II$,$ and IV only

II and III only

I, II$,$ III, and IV

II$,$ III, and IV only

I and II only