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The CEO of GoldenFountain is reviewing three one-year project opportunities; from which she can choose only one to pursue. - Project A requires an investment of $600,000 in average operating assets during the year and is expected to earn $90,000 in net operating income. - Project B requires an investment of $1,000,000 in average operating assets during the year and is expected to earn $150.000 in net operating income. - Project C requires an investment of $700,000 in average operating assets during the year and is expected to earn $32,000 in net operating income. The required rate of return is 4%. If the CEO is choosing a project solely based on ROI, which project should the CEO pursue? Select the best answer - e.g. if 2 or 3 projects are equally favorable, then choose that answer. Either A or B since both projects are equally favorable Project A Project C Either A or C since both projects are equally favorable There is not enough information to determine which project is better. Any of the three projects as they are all equally favorable Project B Either B or C since both projects are equally favorable Neither A nor B nor C