A company has to decide between the following three mutually exclusive projects:

	Project A	Project B	Project C
Economic useful life	5 years	7 years	3 years
NPV	R1 000	R1 500	R900
Cost of Capital	13%	13%	13%

Which of the project(s) is the most profitable?

(a) Project A

(b) Project B

(c) Project C

(d) Project A and C

(e) None of the above