13. NDR is a company that is deciding between three projects, High, Medium, and Low. The projects have internal rate of returns (IRR) and cash flows as listed in the table below. Year 3 2 1 Project IRR 12.1% $100 -45 -35-45 A 35 -15 9.0% -$ 50 35 -9 18 18 7.8% -$25 C Unfortunately, NDR doesn't know what discount rate to use to value the projects in order to calculate the net present values. In which project(s) should NDR invest if its discount rate is somewhere between 0% and 8.5%? A only a. A and B b. C only C. A, B, and C d. None of the above