8. You are considering the following three independent projects. The required rate of return is 15 percent for all projects and the required payback period is 2 years. Which of the following statements are CORRECT? I. Under the NPV rule, you should take Project A. II. Under the payback rule, you should take project B. III. If you only have $100,000 budget, you should take project C. IV. If you only have $100,000 budget, you should take project A and B. A. I and III only B. I and IV only C. II and III only D. II and IV only E. I and II only