Which of the following statements are true for the absolute value function below? F(x)= -1/5 | x-1 | -7

I. The graph has a horizontal shift left 1 units.
II. The graph has a vertical shift down 7 units.
III. The graph shrinks because 1/5 is less than 1.
IV. The graph flips.

A. II and IV.
B. II, III, and IV.
C. I, II, III, and IV.
D. Only II.