25. Projects are mutually exclusive if picking one project eliminate the ability to pick the other projects. This mutually exclusive situation can arise for different reasons. Which of the statements below is NOT one of these reasons?

a. One project will always have a negative NPV.

b. There is a scarce resource that both projects would need.

c. There is need for only one project, and both projects can fulfill that current need.

d. By using funds for one project, there are not enough funds available for the otters project.