If the projected misstatement in a non-statistical sampling is $300,000, estimated misstatement is $266,500, while the tolerable misstatement is $235,000, what would an auditor likely conclude?

Since the projected misstatement is less than the tolerable misstatement, the account is not misstated. Since the projected misstatement is more than the tolerable misstatement, the account is misstated. Since the estimated misstatement is less than the projected misstatement, the account is not misstated. Since the estimated misstatement is more than the tolerable misstatement, the account is misstated