Take the following as truth: EPA projections estimate that it would be cost effective for 32,000 MWe of FGD retrofits to be installed under the Clear Skies Act by 2005 even though the first phase of the SO2 cap is not in effect until 2010.
Then the following statement: "The EPA projects that no FGD retrofits will occur by 2005 because FGD retrofits are prohibitively expensive." is true, false, or inconclusive?
Answer: False