1. Company received the approval to start no more than two projects in the current calendar year. Three different projects were recommended, each of which requires an investment of 700 to be made at the beginning of year 1. The cash flows for each of the three projects are as follows: End of year Project A Project B Project 100 500 100 1 2 400 150 250 3 500 400 200 14 200 100 1130 5 300 450 600 The company uses an annual effective interest rate of 8% to discount its cash flows. Determine which combination of projects the company should select A. Project B B. Project A C. Project D. Project Band E. Project A and C