Step 1: Understanding the question.
The statement talks about how the submission date for the project has been extended twice. We need to decide which conclusions logically follow from this statement.
Step 2: Analyzing the conclusions.
- Conclusion I: "No further extension is likely." This conclusion is not necessarily implied. The statement does not give us enough information to conclude that there will be no further extensions.
- Conclusion II: "The previous submission date was unrealistic." This conclusion makes sense because the need for extensions suggests that the original deadline was unrealistic.
Step 3: Conclusion.
The correct answer is (B) Only II follows, as it is the only conclusion that logically follows from the given statement.