Step 1: Understanding the question.
The statement says that the submission date for the project has already been extended twice. We need to determine 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 indicate that there will be no further extensions, only that two have been made so far.
- Conclusion II: "The previous submission date was unrealistic." This conclusion is logically implied. The fact that the submission date was extended twice suggests that the original date was not reasonable.
Step 3: Conclusion.
The correct answer is (F) Only II follows, as it is the only conclusion that logically follows from the statement.