Why do private equity firms typically view multiple expansion as a less reliable lever for value creation in a Leveraged Buyout $($LBO$)?$

A:Because multiple expansion often results in lower overall returns compared to strategies focused on operational efficiencies and cost reduction.

B:Because relying on multiple expansion requires significant operational improvements that are difficult to implement.

C:Because multiple expansion significantly reduces the amount of debt that can be used in the LBO structure.

D:Because the future deal environment is unpredictable, making reliance on multiple expansion to meet return thresholds risky.