A publishing company has decided to publish either a magazine for financial professionals or one for non-professionals who invest their own money. The company is currently doing a study to determine which magazine has a greater likelihood of success. These projects are: o independent O dependent O mutually inclusive mutually exclusive Which increases the value of the firm? 1. A project with IRR of 15% when the WACC is 14%. II. A project with NPV of $18,950. III. A project with a payback of 2 years. O II and III O I and II O Tonly O ll only O I, II and